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According to the PCAOBs Scaling the Audit for Smaller, Less Complex Companies (2009), use of an external payroll processing business to handle payroll: A. Is
According to the PCAOBs Scaling the Audit for Smaller, Less Complex Companies (2009), use of an external payroll processing business to handle payroll:
A. Is not allowable for a company being audited under PCAOB standards.
B. Is a material weakness in internal controls that must be noted in the auditors opinion.
C. Is appropriate and allowable for smaller companies.
D. None of the above.
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