
When labour is a material factor in inventory valuation,the auditor should place special emphasis on testing the internal controls concerning
A) proper classification of transactions.
B) authorization of wage rates.
C) fictitious employees.
D) completeness of recorded transactions.
Correct Answer:
Verified
Q20: What are the risks of error or
Q21: You have been working on the audit
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Q23: The auditor should review the preparation of
Q24: The file for recording each payroll transaction
Q26: The internal auditor is running a computer-assisted
Q27: A weak internal control system allows a
Q28: A)There are several internal controls in the
Q29: Which of the following controls could help
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