In a Computerized Payroll System Environment, an Auditor Would Be

question 739

Multiple Choice

In a computerized payroll system environment, an auditor would be least likely to use test data to test controls related to:

• A) Missing employee numbers.
• B) Proper approval of overtime by supervisors.
• C) Time tickets with invalid job numbers.
• D) Agreement of hours per clock cards with hours on time tickets.

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Definitions:

Market Economy

An economic system in which economic decisions and the pricing of goods and services are guided solely by the aggregate interactions of a country's citizens and businesses.

Pollution

The introduction of contaminants into the natural environment that cause adverse change.

Socially Optimal Quantity

The level of production that maximizes societal welfare, often considered at the point where marginal cost equals marginal benefit.

Marginal Social Cost

The total cost to society of producing one additional unit, including both private costs and any external costs.