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Chapter 18 Instructor's Guide - Chapter 18 Audit of the...

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Chapter 18 Audit of the Payroll and Personnel Cycle Usually we do not cover the chapter at all. When we do, we emphasize how the cycle fits into the audit and significant differences between the sales and collection cycle and the payroll and personnel cycle. It may be desirable to cover Chapter 18 after Chapters 19 and 20, because the audit of accruals and the difference between the audit of assets and liabilities is explained more fully in Chapters 19 and 20 than in Chapter 18. Our coverage is as follows: Chapter opening vignette Overview of the payroll and personnel cycle and functions in the cycle Primary engagement concerns Methodology for designing tests of controls and substantive tests of transactions Methodology for designing tests of details of balances Summary Chapter Opening Vignette – The Staff Auditor Must Never “Simply Follow Orders” Over the years, a number of our students have contacted us to obtain advice about dealing with an employment situation with which they were very uncomfortable. These are always alarming and some have represented great potential risk to our former students. In some extreme situations, we have even counseled our students to seriously consider changing employment. This vignette represents one of those types of situations. You might ask your students to put themselves in Leslie's shoes at the point of Stith's instruction to her and ask them what they could or would have done in that situation, and what exposure Leslie has. The vignette can also lead to a discussion of working for an unpleasant supervisor, as well as how a staff person can protect themselves in various difficult situations.
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