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Author Question: Which of the following would have the least amount of importance regarding controls over the ... (Read 111 times)

acwiles

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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.


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Marked as best answer by acwiles on Aug 21, 2022

Mynameisrandom

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acwiles

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Reply 2 on: Aug 21, 2022
Great answer, keep it coming :)


peter

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

 

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