An Auditor Analyzed a Payroll System's Data Files for Unusual

question 401

Multiple Choice

An auditor analyzed a payroll system's data files for unusual activity, such as excessive overtime hours, unusual fluctuations in pay rates, and excessive vacation time. The application controls being verified by this analysis are:

• A) Edit and validation controls.
• B) Rejected and suspense item controls.
• C) Controls over update access to the database.
• D) Programmed balancing controls.

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Definitions:

Synergistic Benefits

The additional value created by combining two companies, often resulting in efficiencies or enhanced market power.

Complementary Resources

Additional resources or assets that enhance or improve the effectiveness of existing resources when used together.

Grocery Store

A retail store that primarily sells food, both fresh and packaged, along with various household goods.

Tender Offer

A proposal to buy shares from shareholders for a specified price at a certain time and usually at a premium to the current market price.