Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Aug 19, 2024

In an audit of the financial statements of a company, which of the following assertions related to payroll expenses most likely has the highest risk

In an audit of the financial statements of a company, which of the following assertions related to payroll expenses most likely has the highest risk of financial fraud?

.

Occurrence

/

existence

.

Completeness

.

a and b are of equal risk

.

None of the above

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access to Expert-Tailored Solutions

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

Step: 2

Step: 3

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

Sawyer's Internal Auditing The Practice Of Modern Internal Auditing

Authors: Lawrence Sawyer, Mortimer Dittenhofer, James Scheiner

5th Edition

0894131788, 978-0894131783

More Books

Students also viewed these Accounting questions

Question

★★★★★

The information below pertains to October production at Zippy Company's bottling plant, which produces and bottles sports drinks. Each unit consists of a case of 12 bottles: Required(a) Using the...

Answered: 1 week ago

Question

★★★★★

Use the given table of values for g (x) to (a) Find the average rate of change of g (x) over [2, 5]. (b) Approximate g(4) as accurately as possible. 5 2 2.3 3.1 4.3 13.2 g(x) 9.7 12.2 14.3 18.1 12.1

Answered: 1 week ago

Question

★★★★★

13.1. Classify each of the following signals as an energy signal, as a power signal, or as neither. (a) ; (b) ; (c) ; (d) .

Answered: 1 week ago

Question

★★★★★

Lofthouse Machinery Co. includes a 2-year warranty on its machinery sales. At the end of 2011, an analysis of the warranty records reveals an accumulated temporary difference of $120,000 for warranty...

Answered: 1 week ago

Question

★★★★★

The following data relates to Titan Electric and its Light Bulb Division. A. $127,500 B. $235,000 C. $10,000 D. $500,000

Answered: 1 week ago

Question

★★★★★

7-44 (2) above. 7-44. You have been asked by the board of trustees of a local church to review its accounting proce- dures. As part of this review, you have prepared the following comments relating...

Answered: 1 week ago

Question

★★★★★

Assume that a procedure yields a binomial distribution with n = 132 trials and the probability of success for one trial is p= 58%. Find the mean for this binomial distribution. (Round answer to one...

Answered: 1 week ago

Question

★★★★★

3) Find the coordinates of the points of inflection for the function. f(x) = x1/3(x-28) Find the largest open intervals where the function is concave upward. f(x)=x3+3x-9x+5

Answered: 1 week ago

Question

★★★★★

PHYSICS 12 Kinematics Review: WCLN.ca 1. The acceleration of a freely falling object (near Earth), when we assume no air resistance, is (remember units). This acceleration (due to gravity) is also...

Answered: 1 week ago

Question

★★★★★

Wellplace Insurance Company processes insurance policy applications in batches of 50. One day, they had fourteen batches to process and, after inspection, it was found that four batches had...

Answered: 1 week ago

Question

★★★★★

This section provides your reader with an overview of the strengths, weakness, opportunities, and threats. It's a good idea to present the material as an internal analysis and an external environment...

Answered: 1 week ago

Question

★★★★★

Is it appropriate to use any of the following approaches? If yes, how? Action Organizational performance Audience participation Alliances Sponsorships Activism Communication Publicity ...

Answered: 1 week ago

Question

★★★★★

How can either be made stronger?

Answered: 1 week ago

Question

★★★★★

Is this action/response consistent with past verbal messages of this organization/ spokesperson? If no, explain the inconsistency.

Answered: 1 week ago

Previous Question Next Question