AUDIT

An auditor vouched data for a sample of employees in a payroll register to approved clock card data to provide assurance that?

Employees work the number of hours for which they are paid

Vouching selected items from the payroll register to employee time cards that have been approved by supervisory personnel provides evidence that

Employees worked the number of hours for which their pay was computed

The purpose of segregating the duties of distributing payroll checks and hiring personnel is to separate the

authorization of transactions from the custody of related assets

Tracing a sample of time cards/sheets before and after period end to the appropriate weekly payroll report, and trace the weekly payroll report to the general ledger to verify payroll transactions are recorded in the proper period would provide evidence for which assertion?

cutoff

In testing the payroll of a large company, the auditor wants to establish that the individuals included in a sample actually were employees of the company during the period under review. What will be the best source to determine this?

examination of Human Resource Department records

Comparing amounts selected from the payroll account analysis for payroll accruals to supporting documentation would gather evidence primarily for which assertion?

existence

Comparing selected items from the payroll register to employee time records that have been approved by supervisory personnel tests which of the following assertions for payroll expense?

occurrence

An auditor most likely would extend substantive tests of payroll when

overpayments are discovered in performing test of details

When control risk is assessed as low for assertions related to payroll, substantive tests of payroll balances most likely would be limited to applying substantive analytical procedures and

recalculating payroll accruals

A substantive test of transactions to test the completeness assertion includes

tracing a sample of time sheets to the payroll register