Questions from Auditing and Assurance

Q: List the key segregation of duties in the human resource management process

List the key segregation of duties in the human resource management process. What errors or fraud can occur if such duties are not segregated?

Q: What risk factors associated with human resource management could pose significant inherent

What risk factors associated with human resource management could pose significant inherent risks?

Q: Discuss two control environment factors that have a pervasive effect on the

Discuss two control environment factors that have a pervasive effect on the human resource management process that an auditor should consider.

Q: Why does inventory represent one of the more complex parts of the

Why does inventory represent one of the more complex parts of the audit?

Q: Describe how an auditor audits standard costs.

Describe how an auditor audits standard costs.

Q: List the procedures the auditor should perform during the count of the

List the procedures the auditor should perform during the count of the entity’s physical inventory.

Q: List five items for inventory and related accounts that may require disclosure

List five items for inventory and related accounts that may require disclosure.

Q: How does the inventory management process relate to the revenue, purchasing

How does the inventory management process relate to the revenue, purchasing, and payroll processes?

Q: Service Corporation hired an independent computer programmer to develop a simplified payroll

Service Corporation hired an independent computer programmer to develop a simplified payroll application for its newly purchased computer. The programmer developed an online database microcomputer sys...

Q: Briefly describe each of the following documents or records: production schedule

Briefly describe each of the following documents or records: production schedule, materials requisition, inventory master file, production data information, and cost accumulation and variance report....