In Auditing the Imprest Payroll Account,which of the Following Procedures

question 21

Multiple Choice

In auditing the imprest payroll account,which of the following procedures will take the least amount of auditor time?

• A)tests of controls
• B)risk analysis and obtaining an understanding of controls
• C)analytical procedures
• D)tests of details of balances

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Definitions:

Resource Acquisition

The process of obtaining resources necessary for the operation of an organization or project.

No Substitute

The assertion that certain elements or aspects cannot be replaced by alternatives without loss of value or function.

Member Skills

The abilities and expertise possessed by members of a group or team that contribute to its overall success.

Clear Role Expectations

Defined as the clarity and understanding of each team member's responsibilities and duties within an organization or project.