Describe a walk-through of the payroll transaction flow from hiring authorization to payroll cheque disbursement. What document
Question:
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 57% (14 reviews)
A walk through of a personnel and payroll transaction would include discussions with each person han...View the full answer
Answered By
John Kago
Am a processional practicing accountant with 5 years experience in practice, I also happens to have hands on experience in economic analysis and statistical research for 3 years. am well conversant with Accounting packages, sage, pastel, quick books, hansa world, etc, I have real work experience with Strata, and SPSS
4.70+
31+ Reviews
77+ Question Solved
Related Book For
Auditing An International Approach
ISBN: 978-0071051415
6th edition
Authors: Wally J. Smieliauskas, Kathryn Bewley
Question Posted:
Students also viewed these Auditing questions
-
Describe a walkthrough of the payroll transaction flow from hiring authorization to payroll check disbursement. (a) What document copies would be collected? (b) What controls should be noted?
-
What would constitute the authorization for loans payable? What documentation is evidence of this authorization?
-
What document is the person processing sales transaction entries likely to use to obtain the customer name, products shipped, and quantity shipped?
-
The following condensed balance sheet is for the partnership of Miller, Tyson, and Watson, who share profits and losses in the ratio of 6:2:2, respectively: For how much money must the other assets...
-
Discuss the role that marketing research can play in helping Subaru understand why its customers are devoted to the brand.
-
Each of the following independent events requires a year-end adjusting entry. Show how each event and its related adjusting entry affects the accounting equation. Assume a December 31 closing date....
-
Consider the following 10 data points. x 3 5 6 4 3 7 6 5 4 7 y 4 3 2 1 2 3 3 5 4 2 LO9 a. Plot the data on a scatterplot. b. Calculate the values of r and r2. c. Is there sufficient evidence to...
-
Warf Computers, Inc., was founded 15 years ago by Nick Warf, a computer programmer. The small initial investment to start the company was made by Nick and his friends. Over the years, this same group...
-
Taste of Home Restaurant borrowed 500 000 on October yg ane payable to Region One Bar The interests for each oth is 3500. The an agreement requires Taste of Home to pay rest on my 2 for October...
-
The following selected transactions occurred for Vu Ltd. The company uses a perpetual inventory system, has a September 30 year end, and adjusts its accounts annually. Jan. 2 Loaned Emily Collis, an...
-
What substantive tests of details of transactions and balances are used to verify the pricing of manufactured inventory items? Which assertion do these procedures mainly address?
-
What features of a payroll system can be expected to prevent or detect (a) Payment to a fictitious employee? (b) Omission of payment to an employee?
-
What is a bus master? What is the advantage of having devices other than the CPU be a bus master?
-
The following table contains the monthly operating costs of a company. Salary is not included. Determine the variance and standard deviation of the costs. Enero Febrero Marzo Abril Mayo Junio Julio...
-
Becker & Smith, CPAs, performs a financial statement review for BAM Markets ( BAM ) . Caroline, the manager on the job, learns that Don, a member of the review team, violated the independence rules....
-
Presented here are selected transactions for Sheridan Inc. during August of the current year. Sheridan uses a perpetual inventory system. It estimates a return rate of 10%, based on past experience....
-
. Complete both parts (a) and (b) below. ). In1 (a) Let X11, X12, ..., X be a random sample of size n from a population with mean and variance . Let X21, X22,..., X2n2 be a random sample of size n...
-
41. Let S be the cone z = x + y, z 2, oriented with outward unit normal. Use Stokes' theorem to evaluate the flux integral for the vector field SJ (V x F). ndS F(x, y, z) = (x y)i + 2zj + xk. -
-
SoftSoap Corporation is a large consumer product firm that reported after-tax operating income of \($600\) million in a recent financial year. At the beginning of the year, the firm reported book...
-
(a) What do data breach notification laws require? (b) Why has this caused companies to think more about security?
-
John Swan rented a safe deposit box at the Tenth Citizens Bank of Emanon, State of X. On December 17, 2015, Swan went to the bank with stock certificates to place in the safe deposit box. After he...
-
The following are various activities an auditor does during audit planning. 1. Send an engagement letter to the client. 2. Tour the client's plant and offices. 3. Compare key ratios for the company...
-
In your audit of Canyon Outdoor Provision Company's financial statements, the following transactions came to your attention: 1. Canyon Outdoor's operating lease for its main store is with York...
-
The minutes of the board of directors of the Meeting of March 5, 2011 The meeting of the board of directors of Tetonic Metals was called to order by the James Cook, chairman of the board, at 8:30 am....
-
Read the following and then answer the questions below:September 12: A Brisbane business offers by letter to sell 500 tyres to a New Zealand company. The Brisbane company does not specify a method of...
-
Fred returns home from work one day to discover his house surrounded by police. His wife is being held hostage and threatened by her captor. Fred pleads with the police to rescue her and offers...
-
Would like you to revisit one of these. Consideration must be clear and measurable.if you can't measure it then how can you show it has / has not been done?How can you sue someone for breach of...
Study smarter with the SolutionInn App