AICPA CPA Auditing and Attestation Set 10

Which of the following procedures most likely would be considered a weakness in an entity's internal controls over payroll?

An auditor most likely would perform substantive tests of details on payroll transactions and balances when:

The purpose of segregating the duties of hiring personnel and distributing payroll checks is to separate the:

An auditor most likely would extend substantive tests of payroll when:

An auditor vouched data for a sample of employees in a payroll register to approved clock card data to provide assurance that:

In a comparison of 20X2 to 20X1, Neir Co.'s inventory turnover ratio increased substantially although sales and inventory amounts were essentially unchanged.
Which of the following statements explains the increased inventory turnover ratio?

Confirmation is most likely to be a relevant form of evidence with regard to assertions about accounts receivable when the auditor has concerns about the receivables:

Negative confirmation of accounts receivable is less effective than positive confirmation of accounts receivable because:

Auditor confirmation of accounts payable balances at the balance sheet date may be unnecessary because:

Two assertions for which confirmation of accounts receivable balances provides primary evidence are: