The most important means of verifying account balances in the payroll and personnel cycle are
A) tests of controls and substantive tests of transactions.
B) analytical procedures and tests of controls.
C) analytical procedures and substantive tests of transactions.
D) tests of controls and tests of details of balances.
Correct Answer:
Verified
Q52: Verifying that an adequate chart of accounts
Q53: To minimize the opportunity for fraud, unclaimed
Q54: In audits of companies in which payroll
Q55: No individual with access to time cards,
Q56: The careful and timely preparation of all
Q58: When labor is a material factor in
Q59: Audit tests of payroll are usually not
Q60: Which of the following is the best
Q61: The nature, extent, and timing of substantive
Q62: In auditing payroll, the auditor wants to
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