100%(2)2 out of 2 people found this document helpful
This preview shows page 2 - 3 out of 18 pages.
d. As a senior audit manager, you have been assigned the responsibility of an inventory audit of General Motors Automobile Park, with the objective of “Determining the content of the automobile file and calculating the total inventory on hand.” To achieve this objective, you are to employ a computer-assisted audit program that uses an Audit Command Language (ACL) in file management. Which of the following audit procedures will notassist you in achieving your objective? 1) Retrieving the input file and viewing its contents 2) Displaying the file definition of the input file, with all fields and records 3) Calculating the total quantity on hand 4) Comparing the total quantity on hand with the previous year’s quantity e. One of the most important tasks of the management auditor is to assess conditions within an audited unit against audit criteria. In a management audit of the purchasing function, which of the following procedures would notbe considered appropriate? report, the management auditor must first determine how management will use the report. Which of the following statements does notdescribe the purpose of an audit report? g. Which of the following activities does notsupport the production effort? h. In the course of the audit of Patrick Enterprises, you have been assigned to the Payroll Department. The company’s policy clearly states that employees shall not be paid overtime in excess of 15% of their regular hours worked. However, it has been noted that, from time to time, employees are paid overtime in excess of this limit. The vice-president has asked specifically that your audit of the company’s records provide him with a report of all employees exceeding the 15% limit. Which of the following approaches or procedures would notachieve the objective of your audit using the Audit Command Language (ACL) program? 1) Check the payroll registers, listed by employee number, to determine which employees, if any, have earned overtime in excess of the 15% policy limit. 2)