Question

217.An audit procedure commonly used to test controls is the physical examination of tangible assets performed by the auditor.

a.True

b.False

32.When auditing payroll, auditors typically emphasize test of details of balances.

a.True

b.False

310.From an audit perspective, transactions are far more significant than rated balance sheet accounts in the payroll and personnel cycle.

a.True

b.False

315.Analytical procedures and tests of details of balances are the most important means of auditing the payroll and personnel cycle.

a.True

b.False

Answer 1

217) true

An audit procedure commonly used to test controls is the physical examination of tangible assets performed by the auditor

32) False.

Generally,When auditing payroll, auditors least bother for test of details of balances.

310)True

From an audit perspective, transactions are far more significant than rated balance sheet accounts in the payroll and personnel cycle

315)True

Analytical procedures and tests of details of balances are the most important means of auditing the payroll and personnel cycle.