Why is the payroll system of most entities computerized?
Answer to relevant QuestionsWhat are the major types of transactions that occur in the payroll system? What financial statement accounts are affected by each of these types of transactions? What are the key authorization points in a payroll system?Multiple Choice1. During the year being audited, the Matthews Corporation changed from a system of recording time worked on clock cards to an IT payroll system in which employees record time in and out with magnetic cards. ...Why does inventory represent one of the more complex parts of the audit? Describe how an auditor audits standard costs.
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