•• Test the internal control system of payment of wages. Check if there is possibility of this system detecting ghost or dummy workers or any similar fraud.
•• Check the procedure of employment and dismissal of employees, which should be authorized by a responsible officer.
•• Verify that there is proper recording of wages.
•• For time basis check time records.
•• Check authorization of overtime.
•• Verify authority for deductions and ensure proper recording.
•• Check castings of wages.
•• Ensure all stages of preparation of payment of wages are properly authorized.
•• Check total of wages paid to control account.
•• Test a number of entries of payments to employees and ensure that they were received by employees.
•• Reconcile signature of original employment to that signed on receipt of the wages
Wilfykil answered the question on April 12, 2019 at 05:52
- Define Vouching Audit and it's usage(Solved)
Define Vouching Audit and it's usage
Date posted: April 12, 2019. Answers (1)
- Which balance sheet ratios are usually considered during auditing?(Solved)
Which balance sheet ratios are usually considered during auditing?
Date posted: April 12, 2019. Answers (1)
- Define the term Cut-off tests(Solved)
Define the term Cut-off tests
Date posted: April 12, 2019. Answers (1)
- Which are the disadvantages of monetary unit sampling?(Solved)
Which are the disadvantages of monetary unit sampling?
Date posted: April 12, 2019. Answers (1)
- State and explain audit Sampling methods(Solved)
State and explain audit Sampling methods
Date posted: April 12, 2019. Answers (1)
- Which are the qualities of a good audit sample?(Solved)
Which are the qualities of a good audit sample?
Date posted: April 11, 2019. Answers (1)
- Which are the factors considered before adopting statistical sampling?(Solved)
Which are the factors considered before adopting statistical sampling?
Date posted: April 11, 2019. Answers (1)
- Which are the disadvantages of statistical sampling?(Solved)
Which are the disadvantages of statistical sampling?
Date posted: April 11, 2019. Answers (1)
- Which are the advantages of statistical sampling?(Solved)
Which are the advantages of statistical sampling?
Date posted: April 11, 2019. Answers (1)
- Give the disadvantages of judgmental sampling(Solved)
Give the disadvantages of judgmental sampling
Date posted: April 11, 2019. Answers (1)
- Give advantages of judgmental sampling(Solved)
Give advantages of judgmental sampling
Date posted: April 11, 2019. Answers (1)
- Which are the Main approaches to audit sampling?(Solved)
Which are the Main approaches to audit sampling?
Date posted: April 11, 2019. Answers (1)
- Which are the stages in audit sampling?(Solved)
Which are the stages in audit sampling?
Date posted: April 11, 2019. Answers (1)
- Give cases where sampling is inappropriate(Solved)
Give cases where sampling is inappropriate
Date posted: April 11, 2019. Answers (1)
- Give the reasons for audit sampling(Solved)
Give the reasons for audit sampling
Date posted: April 11, 2019. Answers (1)
- What does the process of performing analytical procedures consist of?(Solved)
What does the process of performing analytical procedures consist of?
Date posted: April 11, 2019. Answers (1)
- Which are the methods of obtaining audit evidence?(Solved)
Which are the methods of obtaining audit evidence?
Date posted: April 11, 2019. Answers (1)
- Explain on how an auditor can use assertions in generating audit evidence?(Solved)
Explain on how an auditor can use assertions in generating audit evidence?
Date posted: April 11, 2019. Answers (1)
- Which are the qualities of audit evidence?(Solved)
Which are the qualities of audit evidence?
Date posted: April 11, 2019. Answers (1)
- How does internal control system help prevent and detect fraud and error?(Solved)
How does internal control system help prevent and detect fraud and error?
Date posted: April 11, 2019. Answers (1)