Chapter 10 10-3 When a client does not adequately segregate duties‚ the possibility of cash being stolen before it is recorded is increased. If the auditor suspects that this type of defalcation is possible‚ what type of audit procedures can he or she use to test this possibility? The auditor can review who handles the receiving and preparing customer orders‚ approving of credit‚ preparing customer invoice‚ preparing accounts receivable aged trial balance and if the same person is doing all
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a. Purchase raw materials – Expenditure cycle b. Pay off mortgage on factory – Financing cycle c. Hire a new assistant controller – Human resources/payroll cycle d. Establish a $10‚000 credit limit for a new customer – Revenue cycle e. Pay for raw materials – Expenditure cycle f. Disburse payroll checks to factory workers - Human resources/payroll cycle g. Record goods received from vendor – Expenditure cycle h. Update the allowance for uncollectible accounts – Revenue cycle i. Decide how many units
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Oilfield Services‚ Inc. Part 1 1. Sherika Spies is the head of payroll. She is also the wife of Tim Spies who is the Lafayette Branch Manager. 2. Sherika could write extra payroll and bonus checks for her and her husband‚ which could easily be done since Bernie was usually out of the office and she also had his signature on a rubber stamp. Sherika could set up a ghost employee as well as write other employees an extra payroll or bonus check for them and receive a kickback from that employee
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Analysis matrix for an organization that is considering replacing its internal payroll system with a payroll outsourcing service. Include direct and indirect revenue enhancements and direct and indirect cost reductions. For an organization which is considering replacing its internal payroll system with a payroll outsourcing service‚ the direct revenue enhancements and cost reductions for a company which is into internal payroll system may include increase in productivity of the company’s employees since
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Auditing Program Design Part II The purpose of this part of the audit process for Apollo Shoes is to design tests of controls‚ substantive tests of transactions‚ and analytical procedures for the sales‚ collection‚ payroll‚ personnel‚ acquisition‚ and payment cycles. These test and procedures are with intent to attest operating effectiveness of internal controls of Apollo Shoes on the basis of documentation provided. It is with the understanding that with the performing of test and procedures an
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which reports information on the 30 Major League Baseball teams for the 2010 season. Prepare a report on the variable team payroll that specifically addresses each of the following questions. a. Around what values do the payrolls tend to cluster? 92.76 and 62.35 What are the mean and median of payroll? Mean= 77.56 Median= 72.25 Is one measure of location for payroll more representative than the other?
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PeopleSoft Enterprise Payroll Process Integration Pack for SAP 8.9 PeopleBook April 2005 PeopleSoft Enterprise Payroll Process Integration Pack for SAP 8.9 PeopleBook SKU HRCS89MP1PIP-B 0405 Copyright © 1988-2005 PeopleSoft‚ Inc. All rights reserved. All material contained in this documentation is proprietary and confidential to PeopleSoft‚ Inc. (“PeopleSoft”)‚ protected by copyright laws and subject to the nondisclosure provisions of the applicable PeopleSoft agreement. No part of this documentation
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Western Mindanao State University External Studies Unit Pagadian City MONITORING‚ PAYROLL AND BILLING SYSTEM OF DEPENDABLE SECURITY AGENCY CHAPTER 1 & 2 Research Description & Review of Related Literature Group 8 Edlyn Jay Villegas – System Analyst Erwin Parcon – Programmer Cyndie Fuentes-Researcher Introduction Due to the development of Science and Technology the Programming was being published. It is a means of making work easy and fast‚ work that cannot
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SCHOOL OF FINANCE AND BANKING (SFB) UNDERGRADUATE INTERNSHIP REPORT STUDENT NAME: BIMENYIMANA SIMON PIERRE REGISTRATION NUMBER: GSF20103398 PLACED IN: GREEN HILLS ACADEMY ACADEMIC YEAR: 2012-2013 Internship period: from: 13th february 2013 to 13th april 2013 Bachelor of Business Administration in: accounting department Name of Academic supervisor in field: DR.SHAIK NAGOOR MEERA ACKNOWLEDGEMENT I would like to extend my sincere gratitude and heart-felt appreciation firstly
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5–8A.(a)FUTA tax$7‚000 × 0.006=$42.00 SUTA tax$22‚000 × 0.046= 1‚012.00 Total= $1‚054.00 (b)FUTA tax$7‚000 × 0.006=$42.00 SUTA tax$8‚000 × 0.051=408.00 Total=$ 450.00 5–9A. (a)Gross payroll$314‚800 Less: Payroll to partners (nontaxable)(160‚000) Less: Salaries beyond $7‚000 limit(114‚800) Taxable payroll$40‚000 FUTA
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