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.

---

Definitions:

Noncontrolling Interest

A shareholder's equity in a corporation that doesn't give the shareholder a controlling interest, representing a share of equity and earnings not owned by the parent company.

Net Income

The total earnings or profit of a company after subtracting all expenses, including taxes, from its revenues.

Domestic Corporations

Companies that are incorporated and operate within the legal boundaries of a country.

Excess Fair Value

The amount by which the fair value of an asset exceeds its carrying value on the balance sheet, often recognized during business combinations.