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Author Question: Which of the following audit procedures would be the most effective in testing for nonexistent employees? (Read 40 times)

shanell

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on: Aug 21, 2022

Question 1

When the auditor compares the cancelled check or direct deposit with the payroll journal for amount, they are concerned with the transaction-related audit objective of
◦ occurrence.
◦ accuracy.
◦ classification.
◦ timing.

Question 2

Which of the following audit procedures would be the most effective in testing for nonexistent employees?
◦ Trace transactions recorded in the payroll journal to the human resources department to determine employment status.
◦ Examine cancelled checks for proper endorsement.
◦ Recalculate net pay.
◦ Reconcile the disbursements in the payroll journal with the disbursements on the payroll bank statement.
Auditing and Assurance Services ¦ Arens, Elder, Beasley, Hogan ¦ 17th Edition
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Marked as best answer by shanell on Aug 21, 2022

Sophia0717

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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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shanell

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

softEldritch

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

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