The lead auditor was review an incorrect hourly rate....

70.2K

Verified Solution

Question

Accounting

image
The lead auditor was review an incorrect hourly rate. APS.8 (Lo 5) g showed thcontrols in the payroll expense area for a public company. The documentation for Required a. Explain why the result shows a control exception (deviation). 6. Does the materiality of the exception influence the auditor's conclusion about whether there is a Basic Public Company Results of testing controls testing showed that there was one instance of a part-time s deviation? c. If the auditor selects a sample size of 45 IT dependent manual controls over payroll, and finds one exception, what should the auditor conclude

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students