Identify the reason behind that the percentage of total audit time in performing tests of controls and substantive tests of transactions is greater for the payroll and personnel cycle than for sales and collection cycle.

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Chapter 20, Problem 8RQ

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Identify the reason behind that the percentage of total audit time in performing tests of controls and substantive tests of transactions is greater for the payroll and personnel cycle than for sales and collection cycle.

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Chapter 20, Problem 8RQ

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Identify the reason behind that the percentage of total audit time in performing tests of controls and substantive tests of transactions is greater for the payroll and personnel cycle than for sales and collection cycle.

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Chapter 20, Problem 8RQ

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Identify the reason behind that the percentage of total audit time in performing tests of controls and substantive tests of transactions is greater for the payroll and personnel cycle than for sales and collection cycle.

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Chapter 20, Problem 8RQ

To determine

Identify the reason behind that the percentage of total audit time in performing tests of controls and substantive tests of transactions is greater for the payroll and personnel cycle than for sales and collection cycle.

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Answer 5

Chapter 20, Problem 8RQ

To determine

Identify the reason behind that the percentage of total audit time in performing tests of controls and substantive tests of transactions is greater for the payroll and personnel cycle than for sales and collection cycle.

Answer 6

Chapter 20, Problem 8RQ

To determine

Identify the reason behind that the percentage of total audit time in performing tests of controls and substantive tests of transactions is greater for the payroll and personnel cycle than for sales and collection cycle.

Answer 7

Chapter 20, Problem 8RQ

To determine

Identify the reason behind that the percentage of total audit time in performing tests of controls and substantive tests of transactions is greater for the payroll and personnel cycle than for sales and collection cycle.

Answer 8

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Answer 11

Ch. 20 - Prob. 1RQ Ch. 20 - Prob. 2RQ Ch. 20 - Distinguish among a payroll master file, a W-2...Ch. 20 - Prob. 4RQ Ch. 20 - Prob. 5RQ Ch. 20 - Prob. 6RQ Ch. 20 - Prob. 7RQ Ch. 20 - Prob. 8RQ Ch. 20 - Prob. 9RQ Ch. 20 - Prob. 10RQ

Identify the reason behind that the percentage of total audit time in performing tests of controls and substantive tests of transactions is greater for the payroll and personnel cycle than for sales and collection cycle.

Solution Summary: The author explains that the percentage of total audit time is greater for payroll and personnel cycle than for sales and collection cycle because of accuracy and objectives of timing audit.

Identify the reason behind that the percentage of total audit time in performing tests of controls and substantive tests of transactions is greater for the payroll and personnel cycle than for sales and collection cycle.

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Chapter 20 Solutions