An Auditor Most Likely Would Perform Substantive Procedures on Payroll

question 99

Multiple Choice

An auditor most likely would perform substantive procedures on payroll transactions and balances when

• A)cutoff tests indicate a substantial amount of accrued payroll expense.
• B)the assessed level of control risk relative to payroll transactions is low.
• C)analytical procedures indicate unusual fluctuations in recurring payroll entries.
• D)accrued payroll expense consists primarily of unpaid commissions.

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Definitions:

Leading Strand

The DNA strand that is synthesized continuously during DNA replication, in the direction of the replication fork.

Origin Of Replication

A specific sequence in a genome where DNA replication begins, allowing the DNA to be duplicated.

Single-Strand Binding Proteins

Proteins that bind to single-stranded DNA (ssDNA) during processes such as replication and repair to prevent the DNA from forming secondary structures.

Nucleases

Enzymes that cut DNA or RNA at specific sequences, playing critical roles in genetic material replication, repair, and degradation.