Quiz M 12 Auditing

Quiz M 12 Auditing - Value % Score: 0/1 5. In auditing...

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View Attempt 1 of 1 Title: M12 Started: March 16, 2009 6:13 PM Submitted: March 16, 2009 6:42 PM Time spent: 00:29:27 Total score: 4/10 = 40% Total score adjusted by 0.0 Maximum possible score: 10 1. An auditor most likely would extend substantive tests of payroll when Student Response Value Correct Answer Feedback a. Payroll is extensively audited by the state government 0% b. Payroll expense is substantially higher than in the prior year 0% c. Overpayments are discovered in performing tests of details 100% d. Employees complain to management about too much overtime 0% Score:
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0/1 2. The purpose of segregating the duties of distributing payroll checks and hiring personnel is to separate the Value % Score: 0/1 3. Which of the following circumstances most likely would cause an auditor to suspect an employee payroll fraud scheme? Value % Score:
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1/1 4. The purpose of segregating the duties of hiring personnel and distributing payroll checks is to separate the
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Unformatted text preview: Value % Score: 0/1 5. In auditing payroll, an auditor most likely would Value % Score: 1/1 6. 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: 0/1 7. Key segregations of duties in the human resource management process include all of the following except Value % Score: 1/1 8. It would be appropriate for the payroll accounting department to be responsible for which of the following functions? Value % Score: 0/1 9. Effective internal control over the payroll function would include which of the following? Value % Score: 0/1 10. Which of the following is required of an auditor who is testing the fair value of options in share-based compensation: Value % Score: 1/1 Done...
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This document was uploaded on 11/26/2010.

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Quiz M 12 Auditing - Value % Score: 0/1 5. In auditing...

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