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You have learned a lot about audit procedures appropriate for a variety of financial statement assertions. Payroll costs typically represent a large portion of total
You have learned a lot about audit procedures appropriate for a variety of financial statement assertions. Payroll costs typically represent a large portion of total expenses for many companies and organizations. Auditors may observe the clients distribution of regular paychecks for employees receiving manual paychecks. Why should auditors observe the clients distribution of regular paychecks?
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