Payroll AA_Chapter_25

Payroll - Chapter 25 Audit of the Payroll and Personnel Cycle Preparation of payroll tax and payment of taxes Class activity Ch.25 1 2 how about

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© Peter T. Y. Lau and Nelson C. Y. Lam © Pilot Publishing Co. Ltd. 2009 Auditing and Assurance in Hong Kong 1 Chapter 25 Audit of the Payroll and Personnel Cycle Preparation of payroll tax and payment of taxes Class activity: Ch.25 – 1, 2 how about executive compensation? Golden parachute Agency conflict – align both shareholders and mgt interests through ________?
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© Peter T. Y. Lau and Nelson C. Y. Lam © Pilot Publishing Co. Ltd. 2009 Auditing and Assurance in Hong Kong 2 Agenda 1. The Payroll and Personnel Cycle 2. Specific Audit Objectives 3. Key Internal Controls 4. Audit Procedures 5. Tests of Controls 6. Substantive Procedures 7. Payoff Test 8. Starters and Leavers Test (movement of an account balance)
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© Peter T. Y. Lau and Nelson C. Y. Lam © Pilot Publishing Co. Ltd. 2009 Auditing and Assurance in Hong Kong 3 1. The Payroll And Personnel Cycle Four major functions: Personnel and employment Timekeeping and payroll preparation – Payment of payroll – Preparation of payroll tax and payment of taxes
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© Peter T. Y. Lau and Nelson C. Y. Lam © Pilot Publishing Co. Ltd. 2009 Auditing and Assurance in Hong Kong 4 2. Specific Audit Objectives Occurrence : Recorded payroll transactions are for goods and services actually received by the client. Completeness
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This note was uploaded on 12/21/2010 for the course ACCT 410 taught by Professor Sallyli during the Fall '10 term at Hong Kong Shue Yan.

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Payroll - Chapter 25 Audit of the Payroll and Personnel Cycle Preparation of payroll tax and payment of taxes Class activity Ch.25 1 2 how about

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