Auditing And Assurance Services
17th Edition
ISBN: 9780134897431
Author: ARENS, Alvin A.
Publisher: PEARSON
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Chapter 13, Problem 4RQ
To determine
List a test of control
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Whether wages paid to all employees are supported by a written and verifiable record of hours worked and whether paid wages are in accordance with approved budget are questions related to auditing.
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Chapter 13 Solutions
Auditing And Assurance Services
Ch. 13 - Prob. 1RQCh. 13 - Prob. 2RQCh. 13 - Prob. 3RQCh. 13 - Prob. 4RQCh. 13 - Prob. 5RQCh. 13 - Prob. 6RQCh. 13 - Explain how the calculation and comparison to...Ch. 13 - Prob. 8RQCh. 13 - Prob. 9RQCh. 13 - For each of the eight types of evidence discussed...
Ch. 13 - Prob. 11RQCh. 13 - Prob. 12RQCh. 13 - Prob. 13RQCh. 13 - Prob. 14RQCh. 13 - Prob. 15RQCh. 13 - Prob. 16RQCh. 13 - Prob. 17RQCh. 13 - Prob. 18RQCh. 13 - Prob. 19RQCh. 13 - Prob. 20RQCh. 13 - Prob. 21.1MCQCh. 13 - Prob. 21.2MCQCh. 13 - A conceptually logical approach to the auditors...Ch. 13 - Prob. 22.1MCQCh. 13 - Prob. 22.2MCQCh. 13 - Prob. 22.3MCQCh. 13 - Prob. 23.1MCQCh. 13 - b. Substantive analytical procedures are most...Ch. 13 - Prob. 23.3MCQCh. 13 - Prob. 24DQPCh. 13 - Prob. 25DQPCh. 13 - Prob. 26DQPCh. 13 - Prob. 27DQPCh. 13 - Prob. 28DQPCh. 13 - Prob. 29DQPCh. 13 - Prob. 30DQPCh. 13 - Prob. 31DQPCh. 13 - Prob. 32DQPCh. 13 - Prob. 33DQPCh. 13 - Prob. 34DQPCh. 13 - Prob. 35DQP
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- Auditor conducts employee interview as a part of evaluation of internal control a. To understand whether the employees are satisfied or not b. To determine how well individuals are trained for their job c. To understand the opinion of employees about the management d. To understand the opinion of employees about the companyarrow_forwardWhat are the requirements of Staff Accounting Bulletin No. 108 for evaluating the performance materiality of these misstatements?arrow_forwardWhich of the following is desirable in a good system of internal accounting controls? Select one: O O O a. Develop plans and budgets b. Encourage employee collusion c. Maintain adequate accounting records d. Two of the above e. None of the abovearrow_forward
- Which of the following documentary evidence is considered ? the most reliable Select one a. Written policies and procedures b. Vendor invoices c. Letters from outside attorneys d . Employee time sheetsarrow_forwardHow might HR apply the accounting principle of auditing to uncover financial mismanagement on an employee's expense reports?arrow_forwardDefine and explain the differences among several kinds of employee frauds that might occur at an audit client.arrow_forward
- An audit team would most likely examine the detail support for charges to which of the following accounts?a. Payroll expense.b. Cost of goods sold.c. Supplies expense.d. Legal expense.arrow_forwardInternal controls do each of the following except: A. Evaluate performance of employees B. Guarantee the accuracy if account records C. Protect assets D. Increase the likelihood that any errors will be caughtarrow_forwardWhen processing controls within the accounting information system may not leave visible evidence that could be inspected by audit teams, the teams shoulda. Make corroborative inquiries.b. Observe the separation of duties of personnel.c. Review transactions submitted for processing and compare them to related output.d. Review the run manual.arrow_forward
- When comparing the auditor's responsibility for detecting employee fraud and for detecting errors, the profession has placed the responsibility Select one: a. on the senior auditor for detecting errors and on the manager for detecting employee fraud b. more on discovering employee fraud than errors c. equally on discovering errors and employee fraud d. more on discovering errors than employee fraudarrow_forwardWhat are the most common errors and frauds in the personnel and payroll cycle? Which control characteristics are auditors looking for to prevent or detect these errors and frauds?arrow_forwardA company implements internal controls to improve the chances that employee will function according to the plans and standard operating procedures developed by the management team. Select one: True Falsearrow_forward
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