MO Company has a high volume of casual staff who work during peak season to...
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Accounting
MO Company has a high volume of casual staff who work during peak season to support the increase in workload in the following main areas: distribution: warehouse staff to pack, store, and receive goods drivers: to deliver goods to retail stores sales and marketing: MO representatives to operate at the retail stores to sell the range of products and manage the inventory administration: data operators and clerical staff to process the purchase orders and sales orders Other relevant facts about MO's employee profile include the following: The peak selling periods when casual staff are required represent approximately eight months of the year. For the past three years, the average number of casual staff has been per year. The turnover of permanent staff is approximately per year. There are currently permanent staff on the payroll. The numbers have risen by percent in the past two years. There are a variety of incentive awards that support the wage and salary conditions of MO staff, depending on whether they are casual or permanent and whether they work in the warehouse or in the office. Casual staff do not receive annual or long service leave entitlements. Your team has identified payroll expense as a highrisk area, so for the payroll expense: Which of the following assertions are most at risk with respect to the casual employees? Several choices may be correct. Completeness to ensure that employees are paid only for hours actually worked Accuracy due to the many different rates of pay Occurrence is more at risk because of the high level of casual staff Presentation due to the high level of casual staff Occurrence to ensure all payroll payments relate to hours worked Classification is more at risk because of the high turnover of staff
MO Company has a high volume of casual staff who work during peak season to support the increase in workload in the following main
areas:
distribution: warehouse staff to pack, store, and receive goods
drivers: to deliver goods to retail stores
sales and marketing: MO representatives to operate at the retail stores to sell the range of products and manage the inventory
administration: data operators and clerical staff to process the purchase orders and sales orders
Other relevant facts about MO's employee profile include the following:
The peak selling periods when casual staff are required represent approximately eight months of the year. For the past three
years, the average number of casual staff has been per year.
The turnover of permanent staff is approximately per year. There are currently permanent staff on the payroll. The
numbers have risen by percent in the past two years.
There are a variety of incentive awards that support the wage and salary conditions of MO staff, depending on whether they
are casual or permanent and whether they work in the warehouse or in the office. Casual staff do not receive annual or long
service leave entitlements.
Your team has identified payroll expense as a highrisk area, so for the payroll expense:
Which of the following assertions are most at risk with respect to the casual employees? Several choices may be correct.
Completeness to ensure that employees are paid only for hours actually worked
Accuracy due to the many different rates of pay
Occurrence is more at risk because of the high level of casual staff
Presentation due to the high level of casual staff
Occurrence to ensure all payroll payments relate to hours worked
Classification is more at risk because of the high turnover of staff
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