quizz 12 auditing - Marks: 1 Employees must complete a W-4...

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Marks: 1 Employees must complete a W-4 form to authorize insurance deductions from his or her pay. Answer: True False Incorrect Marks for this submission: 0/1. Question 2 Marks: 1 Which of the following is the best reason why an auditor should consider observing a client's distribution of regular payroll checks? Choose one answer. a. To ensure that names on the company payroll are those of bona fide employees presently on the job b. Total payroll costs are a significant part of total operating costs c. The auditor did not observe the distribution of the entire regular payroll during the audit in the prior year d. Employee turnover is excessive Correct Marks for this submission: 1/1. Question 3 Marks: 1 If the results of the control tests do not support the planned level of control risk, the detection risk will have to be set higher. Answer: True False Incorrect Marks for this submission: 0/1. Question
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This note was uploaded on 05/06/2011 for the course AUDITING 4505 taught by Professor Messier during the Spring '11 term at University of Minnesota Duluth.

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quizz 12 auditing - Marks: 1 Employees must complete a W-4...

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