Which one of the following would NOT justify an auditor's decision to spend very little time performing tests of transactions in the payroll and personnel cycle?
A) Employees will detect any underpayments.
B) The new payroll bookkeeper has a much better educational background than the former one.
C) Payroll transactions are extensively audited by government agencies.
D) Payroll transactions are uniform and uncomplicated.
Correct Answer:
Verified
Q58: Which one of the following internal accounting
Q59: When labour is a significant part of
Q60: When testing inventory items for pricing, the
Q61: A formal review and reporting of obsolete,
Q62: Receipt of ordered materials by the receiving
Q64: The document that indicates the time an
Q65: The purpose of the audit procedure to
Q66: Statistical sampling is less commonly used for
Q67: The costs used to value the physical
Q68: Once the auditor has determined the company's
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents