Question: The following data items are used to submit payroll time data to a payroll system: employee number regular hours overtime hours expenses commission payments sick
The following data items are used to submit payroll time data to a payroll system:
employee number regular hours overtime hours expenses commission payments sick time vacation time leave time without pay Required: List the audit objectives that you could accomplish by using generalized audit software to access and manipulate these data items. Briefly explain how you would use generalized audit software to accomplish these objectives. Hint: You might wish to consult a standard auditing textbook to find typical audit objectives and a typical audit program (set of audit procedures) for payroll. You should then try to work out how generalized audit software could be used to assist you in the execution of this program.
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Using generalized audit software GAS to audit payroll time data involves setting specific audit objectives and performing targeted procedures to achieve these objectives Here are typical audit objecti... View full answer
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