Once the Auditor Has Determined the Company's Policy for Accruing

question 6

Multiple Choice

Once the auditor has determined the company's policy for accruing wages and knows it is consistent with that of previous years,the appropriate audit procedure to test for cutoff and accuracy is to

• A)recalculate the client's accruals.
• B)compare the ledger balance with the journal and the T4 form.
• C)confirm the amount with employees.
• D)compare the recorded accrued wages with the amount approved in the minutes of the Board.

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Definitions:

Applicants

Individuals who apply or register for something, such as a job, program, or school.

Hired

The process of offering employment to a candidate or the state of being employed.

Complement

A set or quantity of something that completes or brings to perfection.

Event W

A specific occurrence or situation, often designated "W" for identification purposes in statistical or probabilistic contexts.