EBK AUDITING & ASSURANCE SERVICES: A SY
11th Edition
ISBN: 9781260687668
Author: Jr
Publisher: MCGRAW-HILL LEARNING SOLN.(CC)
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Question
Chapter 12, Problem 12.3RQ
To determine
Concept Introduction:
Payroll audit: Every organization have payroll department and payroll costs take major portion of the organization expenses. Hence auditors apply special procedures while auditing payroll related records.
To indicate: the meaning of each document.
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Define the term payroll register.
Payroll records serve as backup for
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Chapter 12 Solutions
EBK AUDITING & ASSURANCE SERVICES: A SY
Ch. 12 - Prob. 12.1RQCh. 12 - Prob. 12.2RQCh. 12 - Prob. 12.3RQCh. 12 - Prob. 12.4RQCh. 12 - Prob. 12.5RQCh. 12 - Prob. 12.6RQCh. 12 - Prob. 12.7RQCh. 12 - Prob. 12.8RQCh. 12 - Prob. 12.9RQCh. 12 - Prob. 12.10RQ
Ch. 12 - Prob. 12.11RQCh. 12 - Prob. 12.12RQCh. 12 - Prob. 12.13RQCh. 12 - Prob. 12.14MCQCh. 12 - Prob. 12.15MCQCh. 12 - Prob. 12.16MCQCh. 12 - Prob. 12.17MCQCh. 12 - Prob. 12.18MCQCh. 12 - Prob. 12.19MCQCh. 12 - Prob. 12.20MCQCh. 12 - Prob. 12.21MCQCh. 12 - Prob. 12.22MCQCh. 12 - Prob. 12.23MCQCh. 12 - Prob. 12.24PCh. 12 - Prob. 12.26PCh. 12 - Prob. 12.27P
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Similar questions
- For what reason are distribution columns sometimes provided in the payroll register?arrow_forwardA payroll register is a multi-column form used to assemble the data required at the end of each payroll period.arrow_forwardDescribe a walkthrough of the payroll transaction flow from hiring authorization to payroll checkdisbursement. (a) What document copies would be collected? (b) What controls should be noted?arrow_forward
- The payroll information for a pay period is recorded in the general ledger. True Falsearrow_forwardPls further explain the diagram above and identify types of errors that may cause a payroll record to be placed in the error file.arrow_forwardWhat is the purpose of the following control procedures (i.e., what threats is it designed to mitigate)? a. Compare a listing of current and former employees to the payroll register.arrow_forward
- Pls further explain and describe the diagram above and identify five types of errors that may cause a payroll record to be placed in the error file.arrow_forwardDescribe a minimum of three ways Accounting Iinformation System can help minimize or eliminate inaccurate time and attendance data in a typical company's payroll activity.arrow_forwardFrom the diagram, identify three types of errors that may cause a payroll record to be placed in the error file. Use a program flowchart to illustrate the edit program.arrow_forward
- What is the purpose of the following control procedures (i.e., what threats is it designed to mitigate)? h. Encryption of payroll data both when it is electronically sent to a payroll service bureau and while at rest in the HR/payroll database.arrow_forwardMatch the four functions of payroll activities with their related internal controls: a. An independent employee should sign and distribute the prenumbered checks. select a function Hiring EmployeesPaying the PayrollPreparing the PayrollTimekeeping b. Supervisors should monitor hours worked through time reports. select a function Hiring EmployeesPaying the PayrollPreparing the PayrollTimekeeping c. Human Resources department should authorize employment. select a function Hiring EmployeesPaying the PayrollPreparing the PayrollTimekeeping d. Two or more employees should verify payroll amounts. select a functionarrow_forwardDrawing from your basic accounting knowledge, list the relevant data attributes that constitute the record types below. Identify which attribute is the primary key for the record. Accounts Payable record Inventory record Customer Sales Orders record Purchase Orders to vendors Cash Receipts (checks) from customers Employee Payroll Earnings recordsarrow_forward
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