In Witnessing a Payroll Distribution, the Auditor Would Not Be

question 39

Multiple Choice

In witnessing a payroll distribution, the auditor would not be expected to observe that:

• A) segregation of duties exist between the preparation and payment of payroll.
• B) the correct payroll entries are made in the firm's ledger and journal
• C) there is proper control and disposal of unclaimed cheques.
• D) each employee receives only one cheque or pay envelope.

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Definitions:

Compound

A substance made up of two or more elements chemically combined in fixed proportions.

Benzene

A basic aromatic hydrocarbon with the chemical formula C6H6, characterized by its hexagonal ring structure.

Product

In chemistry, the substance(s) formed as a result of a chemical reaction.

Major Organic Product

The primary output generated with the greatest quantity from an organic reaction.