Identify Whether the Following Tests Are Substantive Analytical Procedures, Tests

question 20

Essay

Identify whether the following tests are substantive analytical procedures, tests of details of transactions, or tests of details of account balances.
1)Trace a sample of payroll checks to the master employee list to verify occurrence.
2)Recalculate the mathematical accuracy of a sample of payroll checks.
3)Test a sample of bank reconciliations for the payroll bank account.
4)Estimate sales commissions by applying commission formulas to recorded sales totals.
5)Compare amounts accrued to supporting documentation, such as payroll tax returns.
6)Compare payroll costs as a percentage of sales to industry data.

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Definitions:

Genetically Inherited

Traits, characteristics, or conditions passed from parents to offspring through genes, encompassing physical attributes, health conditions, and some behaviors.

High School Completion

The act of meeting all the required standards and requirements to graduate from high school successfully.

Blacks

A term often used to designate individuals and communities of Sub-Saharan African descent, acknowledging social and cultural identity in a racial context.

Hispanics

A term used primarily in the United States to describe people of Spanish-speaking origin or ancestry, regardless of race.