TWO (2) examples of each of Substantive Analytical Procedures in Payroll & Personnel Audit Cycle when auditing the accounts below: i- Payroll Expense Accounts ii- Payroll-Related Accrual Accounts 3. Describe the duties that are performed within the personnel‚ timekeeping‚ and payroll processing functions. 4.a. Describe what are the key authorisation points in a payroll system. b.Explain the importance of establishing control procedures over the classification of payroll transactions.
Premium Human resource management Expense Salary
continuance procedures are the foundation of the risk assessment process‚ primarily at the financial statement level. Management ’s integrity is one of the elements of risk at the financial statement level. High risk at the financial statement level requires more evidence to mitigate the risk. Low risk requires less evidence. As adapted from a lately published weekly review‚ “SQCS No. 8‚ effective January 1‚ 2012‚ requires that a CPA firm establish and document policies and procedures for the acceptance
Premium Auditing Audit Internal control
The objective of analytical procedures used in the overall review stage of the audit is to assist the auditor in assessing the conclusions reached and in the evaluation of the overall financial statement presentation. A wide variety of analytical procedures may be useful for this purpose. The overall review would generally include reading the financial statements and notes and considering (a) the adequacy of evidence gathered in response to unusual or unexpected balances identified in planning the
Premium Generally Accepted Accounting Principles Balance sheet
CRIMINAL PROCEDURE 1ST QUIZ STUDY SHEET 1. Criminal Procedures – rules designed to balance important governmental functions maintaining law and order and protecting the rights of citizens. 2. The Adversarial System of Justice- judicial system where the prosecution is in competition with the defense to prove opposing facts in the belief that truth can be best realized through effective debate over the merits of opposing sides. 3. The Bill of Rights- guarantees basic individual liberties
Premium Jury United States Constitution Judge
Love and courtship notes Site: http://corsetsandcutlasses.wordpress.com/2013/02/13/love-in-elizabethan-times-its-not-for-sissies/ The Elizabethans were very practical lot. You didn’t marry for love; you married for social standing and to legitimize your children. While it was legal for boys to marry at age 14 and girls to marry at age 12‚ Elizabethans “reached the age of consent” at age 21‚ and many did in fact wait until then to marry. Only among the nobility would you typically find
Premium Marriage
Auditing procedures: Five assertions: 1. Occurrence: Define: transactions and events that have been recorded have occurred and pertain to the entity. Explain: sales and purchases shown in the income statement belong to the company and are real‚ that is they actually took place. 2. Completeness: Define: all transactions and events that should have been recorded have been recorded. Explain: all the individual transactions making up the balances in the income statement are recorded; no sales
Premium Expense Revenue General ledger
Grievance Procedure and Handling Grievance means any real or imaginary feeling of dissatisfaction and injustice which an employee has about his employment relationship. Grievances may arise due to the following reasons: grievances arising out of working conditions‚ grievances arising from management policy‚ grievance arising from alleged violation of company rules‚ state laws‚ grievances arising out of personal maladjustment. Machinery for Redressal of Grievances: Every organisation requires
Premium Management Risk management Project management
Policy and Procedure Policy: A person requesting a release of patient information other than him or her self‚ needs to correctly identify the reasoning for the information and proper legal documents need to be completed‚ such as an authorization form signed by the patient. Under certain circumstances‚ the release of information would not need authorization due to certain federal and state statutes; these are explained in the measurement standards. Objective: To protect patient’s individual
Premium Health care Health care provider
learning material in completing this assessment To pass this assessment‚ you must achieve a ‘Satisfactory’ result for each question. Where there are any gaps‚ further questioning and/or additional submissions may be required. Please note that the following policy applies in the conduct of this assessment task: Unique International College’s SMP 126 Student Assessment‚ Reassessment and Repeating Units of Competency Guidelines Performance objective You must demonstrate knowledge of
Premium Normal distribution Control chart Question
Cropping a Photo The following procedure is assisting in cropping a photo‚ the software program that will be used is Microsoft Photo Editor. Cropping photos will help remove the unnecessary space in a photo‚ or if there is something that is not wanted in the photo such as a tree or a car. Cropping photos will enhance the photo and help emphasize what the main part of the photo is. Retrieve the Photo The first part in cropping a photo is deciding the photo that you would like to change. There
Premium Computer file Photography Image