Record keeping is performed by payroll and cost accounting personnel who do not make authorizations or distribute pay.
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Q10: Purchase orders are "open" from the time
Q11: Normally,liabilities should be recorded on the date
Q12: The principal goal of the physical inspection
Q13: The main feature of custody in the
Q14: Auditors' "search for unrecorded liabilities" should emphasize
Q16: If personnel in the organization are not
Q17: The basic acquisition and expenditure activities are
Q18: The payroll bank account cannot be reconciled
Q19: The search for unrecorded liabilities should normally
Q20: If the risk of material misstatement is
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