TRUE OR FALSE

17. An auditor vouched data for a sample of employees in a payroll register to approved clock card data to provide assurance that segregation of duties exist between the preparation and distribution of the payroll.

18. Examining personnel records for accuracy and completeness is the best way for an auditor to determine that every name on a company's payroll is that of a bonafide employee presently on the job?

19. Comparing selected items from the payroll register to employee time cards that have been approved by supervisory personnel tests is evidence of the occurrence assertion for payroll expense.

20. Testing the inputs used in the valuation model is required of an auditor who is testing the fair value of options in share-based compensation