Question: How can an auditor determine whether the amount of labour
How can an auditor determine whether the amount of labour cost charged to production was actually paid to employees?
Answer to relevant QuestionsIn a production situation similar to the Audit 13.1 case, what substantive audit work should be done on a sample of completed production orders (cost reports) recorded as cost of goods sold? Give some examples of payroll control omissions that would make it easy to “think like a crook” and see opportunities for errors and frauds. Assume that you are the audit senior conducting a review of the payroll system of a new auditee. While you are in the process of interviewing the payroll department manager, she makes the following statement: “We don’t ...The Vane Corporation is a manufacturing concern that has been in business for the past 18 years. During this period, the company has grown from a very small family-owned operation to a medium-sized company with several ...What procedures do auditors employ to obtain evidence of the cost of investments? Investment gains and losses? Investment income?
Post your question