If an Auditor Were to Audit a Payroll Application Using

question 29

Multiple Choice

If an auditor were to audit a payroll application using around-the-computer auditing techniques, the individual would:

• A)Use test data
• B)Verify that the output from the computerized processing was correct for the input data used to generate it
• C)Never use a surprise audit because of the amount of time and work involved
• D)Prepare a profile of a computer file and check the processed data with the profile thus obtained

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Definitions:

Multiple Metrics

The use of various measurements and indicators to assess performance, manage risk, or guide decision-making in a comprehensive manner.

Evaluation

The systematic determination of a subject's merit, worth and significance, using criteria governed by a set of standards.

Profit

The financial gain achieved when the amount of revenue gained from a business activity exceeds the expenses, costs, and taxes involved in sustaining the activity.

Enrollment

The process of registering or being registered for a course, school, program, or an activity, often used in educational and institutional contexts.