Multiple Choice
An auditor would consider internal control over an entity's payroll procedures to be ineffective if the payroll department supervisor is responsible for
A) Hiring subordinate payroll department employees.
B) Having custody over unclaimed paychecks.
C) Updating employee earnings records.
D) Applying pay rates to time tickets.
Correct Answer:

Verified
Correct Answer:
Verified
Q15: Which of the following is required of
Q24: In the weekly computer run to prepare
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
Q58: A surprise observation by an auditor of
Q59: The purpose of segregating the duties of
Q62: During the current year being audited, Hitech,
Q63: Possible misstatements related to the occurrence assertion