1. List five tests of controls that can be performed for the payroll and personnel cycle and state the purpose of each control tested. 2. Explain the circumstances under which an auditor should perform audit tests primarily designed to uncover fraud in the payroll and personnel cycle.
METHODOLOGY FOR DESIGNING SUBSTANTIVE ANALYTICAL PROCEDURES AND TESTS OF DETAILS OF BALANCES Design and perform substantive analytical procedures and tests of details for accountsin the payroll and personnel cycle.
Identify five general ledger accounts that are likely to be affected by the payroll and personnel cycle in most audits. 20-2 (OBJECTIVES 20-1, 20-3) Explain the relationship between the payroll and personnel cycle and inventory valuation. 20-3 (OBJECTIVE 20-2) Distinguish among a payroll master file, a W-2 form, and a payroll tax return. Explain the […]
1. List five tests of controls that can be performed for the payroll and personnel cycle and state the purpose of each control tested. 2. Explain the circumstances under which an auditor should perform audit tests primarily designed to uncover fraud in the payroll and personnel cycle.
METHODOLOGY FOR DESIGNING SUBSTANTIVE ANALYTICAL PROCEDURES AND TESTS OF DETAILS OF BALANCES Design and perform substantive analytical procedures and tests of details for accountsin the payroll and personnel cycle.
ACCOUNTS AND TRANSACTIONS IN THE PAYROLL AND PERSONNEL CYCLE Identify the accounts and transactions in the payroll and personnel cycle.
USINESS FUNCTIONS IN THE CYCLE AND RELATED DOCUMENTS AND RECORDS Describe the business functions and the related documents and records in the payroll and personnel cycle.
ACCOUNTS AND TRANSACTIONS IN THE PAYROLL AND PERSONNEL CYCLE Identify the accounts and transactions in the payroll and personnel cycle.
Business Question Briefly explain the following business terms: Mortgage Payroll Ledger Invoice Inventory
ABC Company Based on the area of ABC Company that you selected last week for your database (payroll, sales, etc), create a flow chart for that same area. Upload your flowchart to the discussion board and discuss with your classmates where you think there may be areas of fraud risk associated with this area of […]
