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When a Client Uses an Outside Payroll Service for Processing

question 83

True/False

When a client uses an outside payroll service for processing payroll, professional auditing standards require the auditor to rely on the internal controls of the service organization if the service organization's auditor has issued a favorable report on internal controls.


Definitions:

Contact List

A collection of contact information for individuals or organizations, typically stored and managed in phones or email applications.

Phone Number

A sequence of digits assigned for the purpose of communication via telephones and other communication devices.

Business Card View

A display format in contact management software that shows contact information in a layout resembling a physical business card.

Business Card View

A display format in contact management and email programs that shows contact information in a layout similar to a traditional business card.

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