Payroll expenses take major part of the company’s earnings and hence these are one the major expenses for an organization. There are chances of misstatements in payroll accounting due to high human involvement. The auditor plans separately for the audit of payroll transactions. To choose: the effect if automated payroll recording.

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Answer 1

Question

Chapter 12, Problem 12.14MCQ

To determine

Concept Introduction:

Payroll expenses take major part of the company’s earnings and hence these are one the major expenses for an organization. There are chances of misstatements in payroll accounting due to high human involvement. The auditor plans separately for the audit of payroll transactions.

To choose: the effect if automated payroll recording.

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Answer 2

Question

Chapter 12, Problem 12.14MCQ

To determine

Concept Introduction:

Payroll expenses take major part of the company’s earnings and hence these are one the major expenses for an organization. There are chances of misstatements in payroll accounting due to high human involvement. The auditor plans separately for the audit of payroll transactions.

To choose: the effect if automated payroll recording.

Expert Solution & Answer

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Check out a sample textbook solution

See solution

Answer 3

Question

Chapter 12, Problem 12.14MCQ

To determine

Concept Introduction:

Payroll expenses take major part of the company’s earnings and hence these are one the major expenses for an organization. There are chances of misstatements in payroll accounting due to high human involvement. The auditor plans separately for the audit of payroll transactions.

To choose: the effect if automated payroll recording.

Expert Solution & Answer

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Check out a sample textbook solution

See solution

Answer 4

Question

Chapter 12, Problem 12.14MCQ

To determine

Concept Introduction:

Payroll expenses take major part of the company’s earnings and hence these are one the major expenses for an organization. There are chances of misstatements in payroll accounting due to high human involvement. The auditor plans separately for the audit of payroll transactions.

To choose: the effect if automated payroll recording.

Expert Solution & Answer

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Answer 5

Chapter 12, Problem 12.14MCQ

To determine

Concept Introduction:

Payroll expenses take major part of the company’s earnings and hence these are one the major expenses for an organization. There are chances of misstatements in payroll accounting due to high human involvement. The auditor plans separately for the audit of payroll transactions.

To choose: the effect if automated payroll recording.

Answer 6

Chapter 12, Problem 12.14MCQ

To determine

Concept Introduction:

Payroll expenses take major part of the company’s earnings and hence these are one the major expenses for an organization. There are chances of misstatements in payroll accounting due to high human involvement. The auditor plans separately for the audit of payroll transactions.

To choose: the effect if automated payroll recording.

Answer 7

Chapter 12, Problem 12.14MCQ

To determine

Concept Introduction:

Payroll expenses take major part of the company’s earnings and hence these are one the major expenses for an organization. There are chances of misstatements in payroll accounting due to high human involvement. The auditor plans separately for the audit of payroll transactions.

To choose: the effect if automated payroll recording.

Answer 8

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Answer 9

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Answer 10

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Answer 11

Ch. 12 - Prob. 12.1RQ Ch. 12 - Prob. 12.2RQ Ch. 12 - Prob. 12.3RQ Ch. 12 - Prob. 12.4RQ Ch. 12 - Prob. 12.5RQ Ch. 12 - Prob. 12.6RQ Ch. 12 - Prob. 12.7RQ Ch. 12 - Prob. 12.8RQ Ch. 12 - Prob. 12.9RQ Ch. 12 - Prob. 12.10RQ

Solution Summary: The author explains that payroll expenses are one of the major expenses for an organization. There are chances of misstatements in payroll accounting due to high human involvement.

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Chapter 12 Solutions