Examine the flowchart for payroll shown and do the following: a. Identify the sections of the flowchart

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Examine the flowchart for payroll shown and do the following:image text in transcribedimage text in transcribedimage text in transcribed

a. Identify the sections of the flowchart and for each section write an accompanying narrative of the document flows (use pages \(264-265\) as a guide).

b. Supply answers and comments to the internal control questionnaire for payroll controls given below.

c. From a review of the flowchart, the narrative description, and the questionnaire, identify as many control activities as you can. Identify the financial statement assertion or assertions to which each control relates.image text in transcribed

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Auditing An Assertions Approach

ISBN: 9780471134213

7th Edition

Authors: G. William Glezen, Donald H. Taylor

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