Question: Assuming that Control Risk is HIGH for the Payroll cycle, what audit strategy should be adopted for the audit of the Payroll cycle and related

Assuming that Control Risk is HIGH for the Payroll cycle, what audit strategy should be adopted for the audit of the Payroll cycle and related Payroll accounts.

Assuming that the auditors require Detection Risk to be LOW in order to reduce Audit Risk to an acceptably LOW level overall, what impact would this have on the determination of the materiality figure?

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Assuming that Control Risk is HIGH for the Payroll cycle, what audit strategy should be adopted for the audit of the Payroll cycle and related Payroll accounts.

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