In Determining the Effectiveness of an Entity's Policies and Procedures

question 110

Multiple Choice

In determining the effectiveness of an entity's policies and procedures relating to the occurrence assertion for payroll transactions, auditors most likely would inquire about and

• A)observe the separation of duties concerning personnel responsibilities and payroll disbursement.
• B)inspect evidence of accounting for prenumbered payroll checks.
• C)recompute the payroll deductions for employee fringe benefits.
• D)verify the preparation of the monthly payroll account bank reconciliation.

---

Definitions:

Authentic

Genuine or original, not counterfeit, copied, or false; true to its description or claimed identity.

Fake Email Addresses

Artificially created or forged email accounts used primarily for deception, scams, or spamming, lacking authenticity or legitimate ownership.

DDoS

Distributed Denial of Service, a cyber-attack where multiple compromised systems are used to target a single system, causing a denial of service for users of the targeted system.

Cloud-based

Describes applications, services, or resources made available to users on demand via the Internet from a cloud computing provider's servers.