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Auditing Accounts Payable and Payroll

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What type of tests must the auditor perform in addition to tests of controls to achieve audit objectives?

Control tests

Procedural tests

Compliance tests

Substantive tests (correct)

What does the quality of internal controls impact in terms of substantive tests?

Frequency of testing

Independence of auditors

Nature of internal controls

Extent of substantive tests (correct)

Which tool is presumed to be used by the auditor for conducting audit tests in the discussion provided?

QuickBooks

Excel

SAP

ACL (correct)

What is crucial for the auditor to verify before conducting analysis on accounting files?

Working with the correct file version (B) Signup and view all the answers

What knowledge does the auditor need about accounting files for analysis purposes?

Systems and controls that produced the data (B) Signup and view all the answers

Which chapter dealt with common file structures and their audit implications?

Chapter 8 (A) Signup and view all the answers

What is a key requirement for the auditor when working with files?

Working with original files (B) Signup and view all the answers

Auditing Accounts Payable and Payroll

Choose a study mode

Podcast

Questions and Answers

What type of tests must the auditor perform in addition to tests of controls to achieve audit objectives?

What does the quality of internal controls impact in terms of substantive tests?

Which tool is presumed to be used by the auditor for conducting audit tests in the discussion provided?

What is crucial for the auditor to verify before conducting analysis on accounting files?

What knowledge does the auditor need about accounting files for analysis purposes?

Which chapter dealt with common file structures and their audit implications?

What is a key requirement for the auditor when working with files?

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