When control risk is assessed as low for assertions related to payroll, substantive tests of payroll balances
Question:
When control risk is assessed as low for assertions related to payroll, substantive tests of payroll balances most likely would be limited to applying analytical procedures and:
(A) Observing the distribution of paychecks.
(B) Footing and cross-footing the payroll register.
(C) Inspecting payroll tax returns.
(D) Recalculating payroll accruals.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Related Book For
Principles Of Auditing An Introduction To International Standards On Auditing
ISBN: 9780273684107
2nd Edition
Authors: Rick Stephan Hayes, Roger Dassen, Arnold Schilder, Philip Wallage
Question Posted: