Brownstein, CPA, has been engaged to audit the financial statements of Young Computer Outlets, Inc., a new
Question:
Brownstein, CPA, has been engaged to audit the financial statements of Young Computer Outlets, Inc., a new client. Young is a privately owned chain of retail stores that sells a variety of computer software and video products. Young uses an in-house payroll department at its corporate headquarters to compute payroll data and to prepare and distribute pay- roll checks to its 300 salaried employees. Brownstein is preparing an internal control questionnaire to assist in obtaining an understanding of Young's internal control and in setting control risk. Required: Prepare a "Payroll" segment of Brownstein's internal control question- naire that would assist in obtaining an understanding of Young's internal control and in setting control risk. Do not prepare questions relating to cash payroll, IT applications, or payments based on hourly rates, piece- work, commissions, employee benefits (pensions, health care, vacations, and so on), or payroll tax accruals other than withholdings. Use the following format: p-968
Step by Step Answer:
Auditing And Assurance Services A Systematic Approach
ISBN: 9780073337203
5th Edition
Authors: William Messier, Steven Glover, Douglas Prawitt