Author Question: Which of the following would have the least amount of importance regarding controls over the ... (Read 97 times)

acwiles · **on:** Aug 21, 2022

Question 1

Which of the following types of audit tests is usually emphasized due to a lack of independent third-party evidence related to payroll transactions?
◦ analytical procedures
◦ tests of details of balances
◦ tests of controls
◦ Each of these is emphasized.

Question 2

Which of the following would have the least amount of importance regarding controls over the processing of payroll?
◦ The person authorized to sign paychecks should not be otherwise involved in the preparation of the payroll.
◦ A check-signing machine should not be used to replace a manual signature.
◦ Distribution of pay checks should be performed by someone who is not involved in the other payroll functions.
◦ Unclaimed paychecks should be immediately returned for redeposit.

Mynameisrandom · **Reply #1 on:** Aug 21, 2022

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