The diagram in Exhibit 8C. 22.1 describes several payroll tests of controls. It shows the direction of
Question:
The diagram in Exhibit 8C. 22.1 describes several payroll tests of controls. It shows the direction of the tests, leading from samples of clock cards, pay-rolls, and cumulative year- to- date earnings records to blank squares.
Required:
For each blank square in Appendix Exhibit 8C. 22.1, write a payroll test of controls procedure and describe the evidence it can produce.
In Exhibit 8C. 22.1
Transcribed Image Text:
Clock Cards Bank Statements YTD Records Management Reports General Ledger Payrolls Sample race Time Tra Sample Vouch Time Trace Vou Checks Trace Vouch Transfer Recalculate All Reconcile
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Procedure Evidence Sample of clock cards Note supervisors approval Trace to periodic payroll registe...View the full answer
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Related Book For
Auditing and Assurance Services
ISBN: 978-0077862343
6th edition
Authors: Timothy Louwers, Robert Ramsay, David Sinason, Jerry Straws
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