You Are Responsible for the Audit of Payroll

question 31

Multiple Choice

You are responsible for the audit of payroll. You have assessed control risk as low for the payroll transactions. Substantive tests of payroll would most likely be limited to analytical procedures and:

• A) tracing employee time records to the payroll transaction file.
• B) recomputing an entire payroll period and compare to the client's records.
• C) tracing amounts in the payroll transaction file to the payroll master file.
• D) recalculating payroll accruals.

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Definitions:

Ego

A component of Sigmund Freud's psychoanalytic theory, representing the realistic part of the psyche that mediates between desires and moral constraints.

Self

Pertaining to the individual person, often in reference to one's own thoughts, feelings, or actions.

Mind

The element of a person that enables them to be aware of the world and their experiences, to think, and to feel; the faculty of consciousness and thought.

Personality

The combination of characteristics or qualities that form an individual's distinctive character.