The staffing service cycle of a company involves events and activities related to the compensation of executives and employees. Types of compensation for salaries, hourly wages and incentives, commissions, bonus options and employee benefits (eg health and vacation insurance). Auditors lack tests as completeness of the payroll cycle because most employees immediately follow up on their employers for inability to pay. However, the lack of payroll (availability or occurrence is a major focus of concern for auditors. There are several questions that you must answer, related to the audit process in the staffing service cycle, as follows: A. Describe how an audience member developed a preliminary audit strategy in the staffing service cycle? b. What are the five preliminary tests that can be done for the staffing service cycle and state the purpose of each test? c. Which of these second audit procedures is usually more important in the auditing of personnel services, explain the reasons? the conditions are as follows: Condition 1: performs a search of a sample of time cards which randomly determines the payment from the list of salaries, salaries, and hours paid Condition 2: tracing a sample of time cards that are randomly determined, the payment of the checked time card is compared to hours of work and hours paid d. How is the relationship between the payroll cycle in staffing and inventory inventory?
The staffing service cycle of a company involves events and activities related to the compensation of executives and employees. Types of compensation for salaries, hourly wages and incentives, commissions, bonus options and employee benefits (eg health and vacation insurance). Auditors lack tests as completeness of the payroll cycle because most employees immediately follow up on their employers for inability to pay. However, the lack of payroll (availability or occurrence is a major focus of concern for auditors. There are several questions that you must answer, related to the audit process in the staffing service cycle, as follows:
A. Describe how an audience member developed a preliminary audit strategy in the staffing service cycle?
b. What are the five preliminary tests that can be done for the staffing service cycle and state the purpose of each test?
c. Which of these second
Condition 1: performs a search of a sample of time cards which randomly determines the payment from the list of salaries, salaries, and hours paid
Condition 2: tracing a sample of time cards that are randomly determined, the payment of the checked time card is compared to hours of work and hours paid
d. How is the relationship between the payroll cycle in staffing and inventory inventory?
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