What division of duties among independent departments is desirable to achieve maximum internal control over payroll?
Question:
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 58% (17 reviews)
One of the keys to achieve internal controls is the segregation of duties If all duties are ...View the full answer
Answered By
Ishrat Khan
Previously, I have worked as an accounting scholar at acemyhomework, and have been tutoring busines students in various subjects, mostly accounting. More specifically I'm very knowledgeable in accounting subjects for college and university level. I have done master in commerce specialising in accounting and finance as well as other business subjects.
5.00+
135+ Reviews
427+ Question Solved
Related Book For
Principles of Auditing and Other Assurance Services
ISBN: 978-0078025617
19th edition
Authors: Ray Whittington, Kurt Pany
Question Posted:
Students also viewed these Auditing questions
-
Among specific procedures that contribute to good internal control over the business processes related to accounts receivable are (a) the approval of uncollectible account write-offs and credit...
-
Is an independent status possible or desirable for internal auditors as compared with the independence of a public accounting firm? Explain.
-
What control procedures can be used to achieve control over computer operations in an end- user computing environment? What control procedures can be used to achieve control over computerized...
-
Use the Chain Rule to calculate the partial derivatives. Express the answer in terms of the independent variables. dh t -; h(x, y) = X x = tt, y = tt " y
-
Use the jackknife to estimate V(y) for the data in srs30.dat, and verify that JK (y) = s 2 /30 for these data. What are the jackknife weights for jackknife replicate j?
-
Which of the following is the correct relationship: (a) \(\theta=\frac{T L}{J G}\) (b) \(\theta=\frac{T G}{J L}\) (c) \(\theta=\frac{J G}{T L}\) (d) \(T=\frac{G L}{J \theta}\)
-
King Henry V of England has decided to wage war on France and has engaged your services to assist him to assemble an appropriate army, which can consist of four types of troops: cavalry, men at arms,...
-
The following condensed income statements of the Jackson Holding Company are presented for the two years ended December 31, 2018 and 2017: On October 15, 2018, Jackson entered into a tentative...
-
Explain what exactly an executive order is and provide real time example about it ?
-
The Laiterie de Coaticook in the Eastern Townships of Quebec produce several types of cheddar cheese. It markets this cheese in four vareties: aged 2 months, 9 months, 15 months and 2 years. At the...
-
For which expense accounts should the auditors obtain or prepare analyses to be used in preparation of the clients income tax returns?
-
What are subsequent events?
-
Use the integral test to determine whether the infinite series is convergent or divergent. (You may assume that the hypotheses of the integral test are satisfied.) JM8 k + 1 k=2(k. (k + 2k + 1)
-
Let A be a 3x3 matrix. The elementary row operation of adding k times the first row to the third is equivalent to multiplying A on the left by the matrix 1 0 0 G= 0 1 0 k 0 1 (a) Show that det(G) =...
-
Question: In the worksheet Data, first compute average return and standard deviation for each\ asset. The structure of the worksheet Data easily allows you to program the average\ return and standard...
-
Starting on day n = 1, you buy one lottery ticket each day. Each ticket costs 1 dollar and is independently a winner than can be cashed for 5 dollars with probability 0.1; otherwise the ticket is...
-
You throw 3 balls from the top of a building. All 3 have the same initial speed and are thrown simultaneously. Ball 1 is thrown at an angle of 30 o above the horizontal, ball 2 is thrown...
-
Provide an example of typical consumers of energy in real life. Discuss their motives for energy consumption based on economic behavioral models.
-
Upon completing her first year of business as a hairdresser, Sally Potter reports a net profit of 1,740 as shown on the right. However, she has not taken into account three months rent as well as 500...
-
Suppose the spot and six-month forward rates on the Norwegian krone are Kr 5.78 and Kr 5.86, respectively. The annual risk-free rate in the United States is 3.8 percent, and the annual risk-free rate...
-
The following problem is based on an actual program and situation. The Office of Economic Opportunity (OEO) designed special programs to have a major impact on unemployment, dependency, and community...
-
Danny Deck, the director of internal auditing for Rice Department Stores, was working in his office one Thursday when Chris McMurray, president of the company, burst in to tell Deck about a problem....
-
Danny Deck, the director of internal auditing for Rice Department Stores, was working in his office one Thursday when Chris McMurray, president of the company, burst in to tell Deck about a problem....
-
x-8x+15 A) Let f(x) = = x2+2x-15 Calculate lim f(x) x 3 2x225x75 B) Let f(x) = x-18x45 Calculate lim f(x) x 15
-
If a dance instructor prices her lessons at $60 per student, she will have three students. If she prices her lessons at $50 per student, she will have four students. How much marginal revenue will...
-
What is the difference between objectives, strategies, and goals? How do these things improve our planning process?
Study smarter with the SolutionInn App