Payroll Audit – Knowsia

AAA – Nov 2012 – L3 – SA – Q10 – Audit of Complex Transactions

Identifying irrelevant ledger accounts in a payroll journal review.

Question

In order to review a payroll journal, the auditor is NOT likely to interface with which of the following ledger accounts?

A. Pay As You Earn
B. Pension
C. Staff loans
D. Current Assets
E. National Health Insurance

Answer

Find Related Questions by Tags, levels, etc.

Tags: Audit Procedures, Ledger Accounts, Payroll Audit, Payroll Journal
Level: Level 3

Topic: Audit of Complex Entities
Series: NOV 2012

AA – Nov 2017 – L2 – Q4 – Audit and Assurance Evidence

Describe the substantive procedures you would apply to audit wages and salaries.

Question

You are part of the audit team auditing the financial statements of Stainless Co. Ltd for the year ended 30 June 2017. The company has a staff of 200. You have been asked to audit the wages and salaries expenses for the year.

Required:
i) Describe the substantive procedures you would apply in your work.

ii) Identify the objective that a substantive procedure seeks to achieve.

Answer

Find Related Questions by Tags, levels, etc.

Tags: Financial Reporting, Payroll Audit, Substantive Procedures, Wages and Salaries
Level: Level 2

Topic: Audit and Assurance Evidence
Series: NOV 2017

AAA – Nov 2012 – L3 – SA – Q10 – Audit of Complex Transactions

Identifying irrelevant ledger accounts in a payroll journal review.

Question

In order to review a payroll journal, the auditor is NOT likely to interface with which of the following ledger accounts?

A. Pay As You Earn
B. Pension
C. Staff loans
D. Current Assets
E. National Health Insurance

Answer

Find Related Questions by Tags, levels, etc.

Tags: Audit Procedures, Ledger Accounts, Payroll Audit, Payroll Journal
Level: Level 3

Topic: Audit of Complex Entities
Series: NOV 2012

AA – Nov 2017 – L2 – Q4 – Audit and Assurance Evidence

Describe the substantive procedures you would apply to audit wages and salaries.

Question

Required:
i) Describe the substantive procedures you would apply in your work.

ii) Identify the objective that a substantive procedure seeks to achieve.

Answer

Find Related Questions by Tags, levels, etc.

Tags: Financial Reporting, Payroll Audit, Substantive Procedures, Wages and Salaries
Level: Level 2

Topic: Audit and Assurance Evidence
Series: NOV 2017

Question Tag: Payroll Audit

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AAA – Nov 2012 – L3 – SA – Q10 – Audit of Complex Transactions

Identifying irrelevant ledger accounts in a payroll journal review.

AA – Nov 2017 – L2 – Q4 – Audit and Assurance Evidence

Describe the substantive procedures you would apply to audit wages and salaries.

AAA – Nov 2012 – L3 – SA – Q10 – Audit of Complex Transactions

Identifying irrelevant ledger accounts in a payroll journal review.

AA – Nov 2017 – L2 – Q4 – Audit and Assurance Evidence

Describe the substantive procedures you would apply to audit wages and salaries.

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Question Tag: Payroll Audit

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AAA – Nov 2012 – L3 – SA – Q10 – Audit of Complex Transactions

Identifying irrelevant ledger accounts in a payroll journal review.

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AA – Nov 2017 – L2 – Q4 – Audit and Assurance Evidence

Describe the substantive procedures you would apply to audit wages and salaries.

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AAA – Nov 2012 – L3 – SA – Q10 – Audit of Complex Transactions

Identifying irrelevant ledger accounts in a payroll journal review.

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AA – Nov 2017 – L2 – Q4 – Audit and Assurance Evidence

Describe the substantive procedures you would apply to audit wages and salaries.

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