Multiple Choice
A surprise observation by an auditor of an entity's regular distribution of paychecks is primarily designed to satisfy the auditor that
A) All unclaimed payroll checks are properly returned to the cashier.
B) The paymaster is not involved in the distribution of payroll checks.
C) All employees have in their possession proper employee identification.
D) Names on the company payroll are those of bona fide employees presently on the job.
Correct Answer:
Verified
Correct Answer:
Verified
Q15: Which of the following is required of
Q35: Which of the following is an effective
Q41: Effective internal control over the payroll function
Q55: All of the following are incorporated into
Q56: A substantive test of transactions to test
Q57: Effective internal control over unclaimed payroll checks
Q59: The purpose of segregating the duties of
Q61: An auditor would consider internal control over
Q62: During the current year being audited, Hitech,
Q63: Possible misstatements related to the occurrence assertion