Essay
Mathews and Company has $112,000 in an accrued payroll account. The company's weekly payroll is $186,700 and the accrual represents 3 days out of 5 working days. If the auditor has determined that controls are effective over payroll, what additional work should the auditor perform for this account?
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186,700 ∗ 0.60 (3/5) = 112,020...View Answer
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Correct Answer:
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