To Obtain an Understanding of Significant Processes and Relevant Subprocesses,auditors

question 49

Multiple Choice

To obtain an understanding of significant processes and relevant subprocesses,auditors would be least likely to use which of the following techniques?

• A) Reviewing management documentation.
• B) Inquiry.
• C) Scanning.
• D) Transaction walkthroughs.

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Definitions:

Compensation Policy

A set of guidelines that an organization follows to determine how employees will be compensated, including salaries, benefits, and bonuses.

Pay Inequities

Situations where there is an unfair or unequal distribution of pay among employees, often due to discrimination based on gender, race, or other factors.

Annual Payroll

The total amount of money paid to employees by a business over the course of a year, including wages, salaries, bonuses, and deductions.

Job Evaluation

A systematic method for determining the relative worth of a job in relation to other jobs within an organization.