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4 Brownstein, CPA, has been engaged to audit the financial statements of Young Computer Outlets, Inc., a new client. Young is a privately owned chain

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4 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 payroll checks to its 300 salaried employees. Brownstein is preparing an internal control questionnaire to assist ining an understanding of Young's internal control and in as- sessing control risk. Required: Prepare a "Payroll" segment of Brownstein's internal control ques- tionnaire that would assist in obtaining an understanding of internal control and in assessing control risk. Do not tions relating to cash payroll Young's prepare ques- , IT applications, or payments based on tes, piecework, commissions, employee benefits (pensions health care, vacations, and so on), or payroll tax accruals other than withholdings. Use the following format: Internal Control Question Yes No Are paychecks prenumbered and accounted for? (AICPA, adapted)

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