An auditor is most likely to perform substantive tests of details on payroll transactions and balances when

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An auditor is most likely to perform substantive tests of details on payroll transactions and balances when

a. Cutoff tests indicate a substantial amount of accrued payroll expense.

b. The level of control risk relative to payroll transactions is set at low.

c. Substantive analytical procedures indicate unusual fluctuations in recurring payroll entries. p-968

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Auditing And Assurance Services A Systematic Approach

ISBN: 9780073337203

5th Edition

Authors: William Messier, Steven Glover, Douglas Prawitt

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