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Author Question: The usual audit test for a public company's officer compensation is to obtain the authorized salary ... (Read 62 times)

ahunt13

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on: Aug 21, 2022

Question 1

The primary concern in testing payroll-related liabilities is to make sure that
◦ accruals are properly valued.
◦ transactions are recorded in the proper period.
◦ there are no understated or omitted accruals.
◦ the accruals are not overstated.

Question 2

The usual audit test for a public company's officer compensation is to obtain the authorized salary of each officer from the minutes of the board of directors and compare it with
◦
the SEC's 10-K report.the company's federal income tax return.
YesYes

◦
the SEC's 10-K report.the company's federal income tax return.
NoNo

◦
the SEC's 10-K report.the company's federal income tax return.
YesNo

◦
the SEC's 10-K report.the company's federal income tax return.
NoYes
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Marked as best answer by ahunt13 on Aug 21, 2022

Deonnak85

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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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ahunt13

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Reply 2 on: Aug 21, 2022
YES! Correct, THANKS for helping me on my review

frankwu0507

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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