In auditing the imprest payroll account,which of the following procedures will take the least amount of auditor time?
A) tests of controls
B) risk analysis and obtaining an understanding of controls
C) analytical procedures
D) tests of details of balances
Correct Answer:
Verified
Q62: List the common key controls for the
Q63: When the employees are paid automatically by
Q64: Because of the lack of available evidence,it
Q65: A form issued for each employee summarizing
Q66: The auditor's primary concern in testing payroll
Q68: The correct cutoff and valuation of accrued
Q69: Verification of the legitimacy of year-end unpaid
Q70: Which of the following procedures carried out
Q71: An important consideration in evaluating the fairness
Q72: State the six specific transactions-related audit objectives
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