The primary purpose of a surprise payroll payoff is to detect employees who have reported more time than was actually worked (fraudulent hours).
Correct Answer:
Verified
Q88: Despite the large dollar amounts involved in
Q89: A transaction-related audit objective includes ensuring payroll
Q90: Most monetary misstatements of payroll are corrected
Q91: For most clients, the balance sheet accounts
Q92: Internal control over payroll is normally highly
Q94: It is generally more difficult for the
Q95: Because of confidentiality requirements and potential losses
Q96: Tests of controls and tests of details
Q97: A detailed reconciliation of the information on
Q98: The treasurer in some firms may be
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents