Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The following are procedures in the audit of Payroll: 1. Trace a sample of prenumbered time cardsto the related paymentsin the Payroll Register and compare

The following are procedures in the audit of Payroll:

1. Trace a sample of prenumbered time cardsto the related paymentsin the Payroll Register and compare the hours worked with the hours paid.

2. Trace a sample of payments from the Payroll Register to the related time cards and compare the hours worked with the hours paid.

What are the audit objective(s) for each of the above audit procedures and why

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_2

Step: 3

blur-text-image_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

Accounting Principles

Authors: Jerry J. Weygandt, Paul D. Kimmel, Jill E. Mitchell

14th Edition

1119707110, 978-1119707110

More Books

Students also viewed these Accounting questions

Question

2. How do I perform this role?

Answered: 1 week ago