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Auditing & Assurance Services 6th Edition by Timothy Louwers
Edition 6ISBN: 978-0077862343Auditing & Assurance Services 6th Edition by Timothy Louwers
Edition 6ISBN: 978-0077862343 Exercise 40
Effective control over the cash payroll function would mandate which of the following?
A) The payroll clerk should fill the envelopes with cash and a computation of the net wages.
B) Unclaimed payroll envelopes should be retained by the paymaster.
C) Each employee should be asked to sign a receipt.
D) A separate checking account for payroll should be maintained.
A) The payroll clerk should fill the envelopes with cash and a computation of the net wages.
B) Unclaimed payroll envelopes should be retained by the paymaster.
C) Each employee should be asked to sign a receipt.
D) A separate checking account for payroll should be maintained.
Explanation
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Effective control over the cash payroll ...
Auditing & Assurance Services 6th Edition by Timothy Louwers
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