Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

7-39 This problem requires the use of ACL software, which can be accessed through the textbook Web site. Information about downloading and using ACL and

7-39 This problem requires the use of ACL software, which can be accessed through the textbook Web site. Information about downloading and using ACL and the commands used in this problem can also be found on the textbook Web site. You should read all of the reference material preceding the instructions about "Quick Sort" before locating the appropriate command to answer parts a. through f. For this problem, use the file labeled "Payroll_details" in the "Payroll" subfolder in the ACL_Rockwood project. The suggested command or other source of information need to solve the problem requirement is included at the end of each question.

a.Determine the number of payroll transactions in the Payroll file. (Read the bottom of the Payroll_details file screen)

b. Determine the largest and smallest payroll transaction (gross pay) for all pay periods combined (Quick Sort.)

c.Determine total gross pay for all pay periods. (Total)

d. Determine and print gross pay by pay period (Summarize)

e.Recalculate net pay for each payroll transaction for all pay periods and compare it to the amount included in the file. (Filter)

fDetermine if there are any gaps in the pay period sequence. If you were to identify gaps in the sequence, what would be your concern? (Gaps)

g. For parts a. through f. above, identity the type of audit evidence used for each procedure. How might the auditor use this evidence in testing of payroll expense?

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Advanced Accounting

Authors: Susan S. Hamlen

3rd Edition

1618531514, 978-1618531513

More Books

Students also viewed these Accounting questions

Question

Personal role: This consists of service to family and friends.

Answered: 1 week ago