The payroll audit is conducted by an auditor in order to be sure about the accuracy in the processes of payroll and to identify the reasons for overstatement or understatement if there is any misstatement in the payroll of the company. To describe: The verification of the information in the payroll input form.

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Answer 1

Question

Chapter 12, Problem 12.27P

A

To determine

Introduction: The payroll audit is conducted by an auditor in order to be sure about the accuracy in the processes of payroll and to identify the reasons for overstatement or understatement if there is any misstatement in the payroll of the company.

To describe: The verification of the information in the payroll input form.

B

To determine

Introduction: The audit procedures are the procedures used by the auditor in order to test the viability of the financial information provided by the company whose statements are being audited. Such procedures include inquiries, observation, calculations etc. All of this is done to check if the financial information is free from any kind of material misstatement or not.

To describe: The audit procedures that J should follow to examine the November payroll register.

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Answer 2

Question

Chapter 12, Problem 12.27P

A

To determine

Introduction: The payroll audit is conducted by an auditor in order to be sure about the accuracy in the processes of payroll and to identify the reasons for overstatement or understatement if there is any misstatement in the payroll of the company.

To describe: The verification of the information in the payroll input form.

B

To determine

Introduction: The audit procedures are the procedures used by the auditor in order to test the viability of the financial information provided by the company whose statements are being audited. Such procedures include inquiries, observation, calculations etc. All of this is done to check if the financial information is free from any kind of material misstatement or not.

To describe: The audit procedures that J should follow to examine the November payroll register.

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Answer 3

Question

Chapter 12, Problem 12.27P

A

To determine

Introduction: The payroll audit is conducted by an auditor in order to be sure about the accuracy in the processes of payroll and to identify the reasons for overstatement or understatement if there is any misstatement in the payroll of the company.

To describe: The verification of the information in the payroll input form.

B

To determine

Introduction: The audit procedures are the procedures used by the auditor in order to test the viability of the financial information provided by the company whose statements are being audited. Such procedures include inquiries, observation, calculations etc. All of this is done to check if the financial information is free from any kind of material misstatement or not.

To describe: The audit procedures that J should follow to examine the November payroll register.

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Answer 4

Question

Chapter 12, Problem 12.27P

A

To determine

Introduction: The payroll audit is conducted by an auditor in order to be sure about the accuracy in the processes of payroll and to identify the reasons for overstatement or understatement if there is any misstatement in the payroll of the company.

To describe: The verification of the information in the payroll input form.

B

To determine

Introduction: The audit procedures are the procedures used by the auditor in order to test the viability of the financial information provided by the company whose statements are being audited. Such procedures include inquiries, observation, calculations etc. All of this is done to check if the financial information is free from any kind of material misstatement or not.

To describe: The audit procedures that J should follow to examine the November payroll register.

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Answer 5

Chapter 12, Problem 12.27P

A

To determine

Introduction: The payroll audit is conducted by an auditor in order to be sure about the accuracy in the processes of payroll and to identify the reasons for overstatement or understatement if there is any misstatement in the payroll of the company.

To describe: The verification of the information in the payroll input form.

B

To determine

Introduction: The audit procedures are the procedures used by the auditor in order to test the viability of the financial information provided by the company whose statements are being audited. Such procedures include inquiries, observation, calculations etc. All of this is done to check if the financial information is free from any kind of material misstatement or not.

To describe: The audit procedures that J should follow to examine the November payroll register.

Answer 6

Chapter 12, Problem 12.27P

A

To determine

Introduction: The payroll audit is conducted by an auditor in order to be sure about the accuracy in the processes of payroll and to identify the reasons for overstatement or understatement if there is any misstatement in the payroll of the company.

To describe: The verification of the information in the payroll input form.

Answer 7

Chapter 12, Problem 12.27P

A

To determine

Introduction: The payroll audit is conducted by an auditor in order to be sure about the accuracy in the processes of payroll and to identify the reasons for overstatement or understatement if there is any misstatement in the payroll of the company.

To describe: The verification of the information in the payroll input form.

Answer 8

B

To determine

Introduction: The audit procedures are the procedures used by the auditor in order to test the viability of the financial information provided by the company whose statements are being audited. Such procedures include inquiries, observation, calculations etc. All of this is done to check if the financial information is free from any kind of material misstatement or not.

To describe: The audit procedures that J should follow to examine the November payroll register.

Answer 9

B

To determine

Introduction: The audit procedures are the procedures used by the auditor in order to test the viability of the financial information provided by the company whose statements are being audited. Such procedures include inquiries, observation, calculations etc. All of this is done to check if the financial information is free from any kind of material misstatement or not.

To describe: The audit procedures that J should follow to examine the November payroll register.

Answer 10

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Answer 11

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Answer 12

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Answer 13

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 the audit procedures used by auditors to check the viability of financial information provided by the company whose statements are being audited.

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