Auditors should consider the use of data analytics tools to such for payroll-related anomalies including duplicate employee names, missing data in the payroll master files, or duplicate direct deposit bank account numbers.
Correct Answer:
Verified
Q96: Tests of controls and tests of details
Q97: A detailed reconciliation of the information on
Q98: The treasurer in some firms may be
Q99: Separation of duties in the payroll and
Q100: Discuss the two circumstances under which auditors
Q102: The usual audit test for a public
Q103: There is inherent risk of payroll fraud
Q104: What key separation of duties should the
Q105: Once the auditor determines that the company's
Q106: What is one audit procedure that may
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