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Author Question: The most important consideration in evaluating the fairness of the amounts accrued for vacation pay, ... (Read 24 times)

Aimless0988

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on: Aug 21, 2022

Question 1

Once the auditor determines that the company's policy for accruing wages is consistent with prior years, the appropriate audit procedure to test for accuracy and cutoff is
◦ recalculating the client's accrual.
◦ performing extensive tests of controls.
◦ performing extensive tests of details.
◦ None of these.

Question 2

The most important consideration in evaluating the fairness of the amounts accrued for vacation pay, sick pay, and other benefits is the
◦ consistent accrual of these liabilities relative to those of preceding periods.
◦ actual expense incurred for the prior period.
◦ amount expended to date in the current period.
◦ profitability of the client which will enable these liabilities to be met.
Auditing and Assurance Services ¦ Arens, Elder, Beasley, Hogan ¦ 17th Edition
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Marked as best answer by Aimless0988 on Aug 21, 2022

Marys

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Reply #1 on: Aug 21, 2022
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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Aimless0988

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

ktidd

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

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