Which of the Following Type of Test Is Most Important

question 24

Multiple Choice

Which of the following type of test is most important for the audit of payroll?

• A)internal control
• B)test of detail
• C)analytical review
• D)substantive test

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Definitions:

Scenario Planning

A strategic planning method that organizations use to envision and prepare for various future scenarios or outcomes.

Long-term Version

A strategic focus or approach that prioritizes long-term goals and outcomes over immediate gains or results.

Contingency Planning

The development of strategies and actions to deal with potential future events or situations that may disrupt normal operations.

Benchmarking

The practice of evaluating one's company operations and performance indicators against the highest standards in the industry or the optimal practices observed in other firms.