Internal and External Auditors

question 57

Essay

Internal and external auditors
Compare and contrast the work of an internal and an independent external auditor.

Recognize differences between gross pay, net pay, and taxable earnings.

Comprehend the calculation of interest on notes payable.

Understand the employer's payroll tax liabilities and the related accounting entries.

Distinguish between the information contained in a payroll register and an employee’s earnings record.