Question: List two substantive analytical procedures that can be used to
List two substantive analytical procedures that can be used to provide audit evidence related to the payroll expense accounts and the payroll- related liabilities.
Answer to relevant QuestionsDiscuss how an auditor would audit the accrued payroll taxes account.McCarthy, CPA, was engaged to audit the financial statements of Kent Company, a continuing audit client. McCarthy is about to audit Kent’s payroll transactions. Kent uses an in- house payroll department to process payroll ...Briefly describe each of the following documents or records: production schedule, materials requisition, inventory master file, production data information, and cost accumulation and variance reports.List the procedures the auditor should perform during the count of the entity’s physical inventory.In obtaining evidential matter in support of financial statement assertions, the auditor develops specific audit procedures to address those assertions. Required: Hillmart is a retail department store that purchases all ...
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