See Substantive Procedures for Payroll.xlsx

Substantive Procedures for payroll:complete the attached spreadsheet

Substantive Procedures for Payroll Assumption Note: Table should include at least 10 procedures RMM Moderate for all relevant assertions. Despcription of Audit procedure Significant account or disclosure Payroll Expense Analytical For each major compensation level, develop an expection for payroll expense for the period based on the average number of employees for each major department and the average payroll expense per employee. Expectation would be adjusted for the following: Percent of pay increases from prior year, unusual variances in overtime pay, one time bonuses, changes in pay structure. Compare actual balance to expected balance and determine if any misstatement using defined precision levels. Relevant assertion Sampling considerations Completeness Accrued Payroll and Payroll Expense Existence Analytical Procedure-Sampling Not Applicable Accuracy