- 15 Marks
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.
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
Report an error