When Reading the Corporate Minutes,the Auditor Extracted the Approved Annual

question 68

Multiple Choice

When reading the corporate minutes,the auditor extracted the approved annual salary for the President,the Chief Executive Officer,and other senior executives.What audit step would the auditor likely conduct with this information?

• A)trace the payroll amount to each individual officer's payroll record
• B)check that the payroll has been recorded into the correct bank account
• C)verify that payroll cheques have two signatures for all large amounts
• D)ensure that all overtime is approved and adequately documented

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Definitions:

Pseudotransformational Leadership

Leadership that appears to be transformational but actually manipulates followers for the leader's own benefit rather than inspiring genuine change.

Inspirational Motivation

The ability of a leader to inspire and motivate others to achieve higher levels of performance through a compelling vision of the future.

Transformational Leadership

A form of leadership that causes change in individuals and social systems, characterized by the leader's ability to inspire followers to transcend their own self-interests for the good of the organization or community.

Burns

Could refer to James MacGregor Burns, a political scientist known for his work on leadership and for developing the concept of transformational leadership.