The sampling unit in a test of controls pertaining to the existence or

The sampling unit in a test of controls pertaining to

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64.The sampling unit in a test of controls pertaining to the existence or occurrence of payroll transactions ordinarily is a(an) A. Clock card or time ticket.B. Employee Form W-2.C. Employee personnel record.D. Payroll register (journal) entry.65.The purpose of segregating the duties of hiring personnel and distributing payroll checks is to separate the 66.An auditor most likely would assess control risk at the maximum if the payroll department supervisor is responsible for
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67.An auditor most likely would extend substantive tests of payroll when 68.An auditor most likely would perform substantive procedures on payroll transactions and balances when A. Cutoff tests indicate a substantial amount of accrued payroll expense.B. The assessed level of control risk relative to payroll transactions is low.C. Analytical procedures indicate unusual fluctuations in recurring payroll entries.D. Accrued payroll expense consists primarily of unpaid commissions.69.An auditor vouched data for a sample of employees in a payroll register to approved clock card data to provide assurance that 70.Substantive tests of account balances in the payroll cycle are likely to include the following procedures except
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  • Spring '12
  • janigrt
  • d., invoice

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