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all please pse select the best answer fior each question s1. The auditor may observe the disribution of peychecks to ascenain whether a. Pay rate
all please
pse select the best answer fior each question s1. The auditor may observe the disribution of peychecks to ascenain whether a. Pay rate authorization is properly separseed from the opersting functiom b, Deductions from gross pay are calculated corerectly and wre properts c. Employees of record would occur d. Paychecks e. None of the above agree with the payroll register and the time cards 52. Whic h of the follewing controls would an entity most likely use to assist in satistying the assertion related so kong-teem investments? a. Management verifies that securities in the bank safe-deposit hox are registerod in the enmity b. The CFO vouches the c. The auditor d. The controller compares t quisition of securities by comparing brokers advices with canceled checks prices of recorded investments with the brokers advices brokers'ads of compares the securities in the bank safe deposit box with recorded investments on file,lr compares the urities in the bank sufe e. More than one choice is correct 53. The internal control process of requiring the check of the fixed asset subsidiary ledger and depreciation schedule for mathematical accuracy and agreement with authorized documentation will help to minimize the risk of A. Asset misappropriation B. Lost or stolen assets C. Duplicate transactions D. Omitted transactions E. None of above 54.When additional procedures are necessary to hring a defective product up to its required specifications, this is referred to as A. Rework. B. Scrap. C. Work-in-process D. Variance reporting
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