Quiz B 12 Auditing

Quiz B 12 Auditing - Value % Score: 1/1 5. Key segregations...

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View Attempt 1 of 1 Title: M12B Started: April 26, 2009 12:31 PM Submitted: April 26, 2009 1:25 PM Time spent: 00:54:08 Total score: 8/10 = 80% Total score adjusted by 0.0 Maximum possible score: 10 1. The purpose of segregating the duties of hiring personnel and distributing payroll checks is to separate the Student Response Value Correct Answer Feedback a. Administrative controls from the internal accounting controls 0% b. Human resources function from the controllership function 0% c. Operational responsibility from the record- keeping responsibility 0% d. Authorization of transactions from the custody of related assets 100%
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Score: 1/1 2. Which of the following circumstances most likely would cause an auditor to suspect an employee payroll fraud scheme? Value % Score: 1/1 3. An auditor vouched data for a sample of employees in a payroll register to approved clock card data to provide assurance that Value %
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Score: 0/1 4. Which of the following is the best reason why an auditor should consider observing a client's distribution of regular payroll checks?
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Unformatted text preview: Value % Score: 1/1 5. Key segregations of duties in the human resource management process include all of the following except Value % Score: 1/1 6. It would be appropriate for the payroll accounting department to be responsible for which of the following functions? Value % Score: 1/1 7. In testing the payroll of a large company, the auditor wants to establish that the individuals included in a sample actually were employees of the company during the period under review. What will be the best source to determine this? Value % Score: 1/1 8. An auditor most likely would extend substantive tests of payroll when Value % Score: 1/1 9. When control risk is assessed as low for assertions related to payroll, substantive tests of payroll balances most likely would be limited to applying substantive analytical procedures and Value % Score: 0/1 10. An effective system of internal control over the payroll function would include Value % Score: 1/1 Done...
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Quiz B 12 Auditing - Value % Score: 1/1 5. Key segregations...

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