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Mathews and Company Has $112,000 in an Accrued Payroll Account

question 70

Essay

Mathews and Company has $112,000 in an accrued payroll account. The company's weekly payroll is $186,700 and the accrual represents 3 days out of 5 working days. If the auditor has determined that controls are effective over payroll, what additional work should the auditor perform for this account?


Definitions:

Hem/o

A prefix used in medical terms to refer to blood.

Hepat/o

A prefix in medical terminology referring to the liver.

Neur/o

A prefix used in medical terminology referring to nerves or the nervous system.

Pneum/o

A prefix used in medical terms related to the lungs or air, such as in pneumonia (infection of the lungs).

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