Multiple Choice
Although significant client business risks affecting payroll are unlikely for most companies, an area that would have the most business risk would be
A) payment of hourly employees.
B) payment of salaried employees.
C) payments to employees for stock options and bonus plans.
D) payments to employees who have direct deposit of their payroll checks.
Correct Answer:

Verified
Correct Answer:
Verified
Q4: Which of the following is not one
Q5: Discuss each of the following documents and
Q6: Because of confidentiality requirements and potential losses
Q7: When auditing the payroll and personnel cycle,
Q8: Which of the following errors gives the
Q10: In most accounting systems, accruals for salaries
Q11: Hiring personnel initiates the payroll and personnel
Q12: The most important consideration in evaluating the
Q13: If an auditor wishes to test the
Q14: How do auditors commonly verify sales commission