Questions from Auditing and Assurance


Q: Identify two tests of controls that could be performed using computer-

Identify two tests of controls that could be performed using computer-assisted audit techniques (CAATs) for purchase transactions.

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Q: List two substantive analytical procedures that can test accounts payable. What

List two substantive analytical procedures that can test accounts payable. What potential errors or fraud can be identified by each analytical procedure?

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Q: List the procedures an auditor might use to search for unrecorded liabilities

List the procedures an auditor might use to search for unrecorded liabilities.

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Q: What is an example of a test of control or substantive test

What is an example of a test of control or substantive test of transactions that can be performed using CAATs or audit data analytics for payroll transactions?

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Q: List two substantive analytical procedures that can be used to provide audit

List two substantive analytical procedures that can be used to provide audit evidence related to the payroll expense accounts and the payroll-related liabilities.

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Q: Discuss how an auditor would substantively audit the accrued payroll taxes account

Discuss how an auditor would substantively audit the accrued payroll taxes account.

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Q: What are the two major types of transactions that occur in the

What are the two major types of transactions that occur in the payroll system? What financial statement accounts are affected by each of these types of transactions?

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Q: Part II: Merry-Go-Round. Additional charges made

Part II: Merry-Go-Round. Additional charges made against E&Y included the following (recall that MGR hired E&Y for turnaround consulting services): E&Y had a close relationship with Rouse Co., one of...

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Q: Briefly describe each of the following documents or records: payroll register

Briefly describe each of the following documents or records: payroll register, payroll master file, and payroll master file changes report.

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Q: What duties are performed within the human resource, timekeeping, and

What duties are performed within the human resource, timekeeping, and payrollprocessing functions?

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