Payroll audit objectives audit objectives of payroll are generally the same as in other departments one objective is to determine if adequate separation of duties exists between those who create personnel folders and employees who maintain payroll accounts. Audit of the payroll and personnel cycle chapter 20 ©2010 prentice hall business publishing, auditing 13/e, arens//elder/beasley 20 - 1 learning objective 1 identify the accounts and transactions in the payroll and personnel cycle ©2010 prentice hall business publishing, auditing 13/e, arens//elder/beasley 20 - 2 accounts in the payroll and.
Auditing 13/e23 analytical procedures for the payroll and analytical procedure possible misstatement personnel cycle compare payroll expense account balances with previous years misstatement of payroll expense accounts compare direct labor as a percentage of sales with previous years misstatement of direct labor and inventory ©2010 prentice hall business publishing. California lottery audit report sam 20000 audit: personnel and payroll cycle january 1, 2006, through december 31, 2007 john chiang california state controller. A sample payroll cycle is exhibited below personnel should be hired that have the knowledge and skills to accomplish payroll tasks.
Chapter 16--auditing the production and personnel services cycle personnel services cycle payroll transactions is the main focus here. Study 36 chapter 20 - payroll and personnel cycle flashcards from tim b on studyblue study 36 aims of the audit of payroll/personnel cycle. Learning objective 5 design and perform tests of details of balances for accounts in the payroll and personnel cycle audit of payroll and personnel cycle. View audit of the payroll and personnel cycle 2 from acct 3060 at interamerican recinto metropolitano audit of the payroll and personnel cycle christian lopez maria de los angeles.
Essays - largest database of quality sample essays and research papers on audit of payroll and personnel cycle. Learning objectives 1 describe the related documents applicable to the payroll and personnel cycle 2 understand the assertions of auditing the payroll and personnel. This risk and control matrix has been designed to help audit, it risk and compliance professionals assess the adequacy and the effectiveness of application controls pertaining to the payroll and personnel (hire-to-retire) business process in sap r/3 environment.
During an audit, testing payroll transactions includes sniffing out employees paid who shouldn’t have been and making sure valid employees are paid the correct amount. 40 payroll cycle: 41 human resources accomplished through some combination of self audits from senior management to lower-level personnel. Ch15 audit of the payroll and personnel cycle - download as powerpoint presentation (ppt), pdf file (pdf), text file (txt) or view presentation slides online. The following are various asset misappropriations involving the payroll and personnel cycle 1 you are assessing internal control in the audit of the payroll and.
Audit of the human resources process april 25 personnel folders and with the exception of certain payroll documentation. Learning objectives after studying this chapter, students should be able to: identify the accounts and the classes of transactions in the acquisition and payment cycle.
Chapter 18 – audit of the payroll and personnel cycle : audit of the payroll and personnel cycle chapter 18 ©2008 prentice hall business publishing, auditing 12/e, arens/beasley/elder 18 - 1 learning objective 1 identify the accounts and transactions in the payroll and personnel cycle ©2008 prentice hall business publishing, auditing 12/e. Payroll and personnel cycle the first test that should be completed is that payroll disbursements in each cycle, transaction-related audit objectives. Personnel and payroll questionnaire payroll cycle which assures an adequate segregation of duties complete personnel records including job description.
Readbag users suggest that chapter 18 audit of the payroll and personnel cycle is worth reading the file contains 31 page(s) and is free to view, download or print. If payroll fraud exists, it is likely to occur in one of three ways: during an audit you can use the following methods to detect all three circumstances of payroll error and fraud: through paying fictitious employees, employees who haven’t worked or employees who no longer work for the company. The overall objective in the audit of the payroll and personnel cycle is to evaluate whether the account balances affected by the cycle are.Download