Question: During the current year being audited, Hitech, Inc. changed from a conventional payroll punch clock to a computerized payroll time system. Factory employees now record
During the current year being audited, Hitech, Inc. changed from a conventional payroll punch clock to a computerized payroll time system. Factory employees now record time in and out with magnetic cards and the IT system automatically updates all payroll records. Because of this change:
Group of answer choices
the auditor must audit through the computer.
internal control has improved.
the potential for payroll related fraud has been diminished.
without paper clock cards, part of the audit trail has been altered.
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