An auditor is most likely to perform substantive tests of details on payroll transactions and balances when
Question:
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 re- curring payroll entries.
d. Accrued payroll expense consists primarily of unpaid commissions.
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Related Book For
Auditing And Assurance Services
ISBN: 9780073527086
7th Edition
Authors: William MessierSteven Glover
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