Why is the ownership assertion a key risk in the payroll process? a. The year-end accruals are

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Why is the ownership assertion a key risk in the payroll process?

a. The year-end accruals are small so they may be incomplete.

b. Payroll duties cannot easily be segregated in most businesses.

c. Evidence from government income tax reports is often audited.

d. The payroll process involves a high volume of small payments to individuals.

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Auditing An International Approach

ISBN: 978-1259087462

7th edition

Authors: Wally J. Smieliauskas, Kathryn Bewley

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Question Posted: Jun 22, 2019 09:51 AM

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Why is the ownership assertion a key risk in the payroll process? a. The year-end accruals are

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Auditing An International Approach

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