AUD 3 Internal Control 15 - 1 Operating Cycles Personnel and Payroll & Service Organizations Flashcards
(230 cards)
1
Q
“This is the authorization department that is responsible for hiring of new employees, approval of changes in pay rates, and termination of employees.”
What is most likely the name of this department?
A
• Personnel
– This is the authorization department that is responsible for hiring of new employees, approval of changes in pay rates, and termination of employees.
2
Q
“This is the recording department that performs the calculation of payroll amounts.”
What is most likely the name of this department?
A
• Payroll
– This is the recording department that performs the calculation of payroll amounts.
They will examine and then update records based on authorization forms for hiring, firing, and pay rates received from personnel, and will calculate payroll based on time sheets and other reports approved by appropriate supervisors in the various operational departments of the company.
They update pay records and prepare vouchers for the amount of payment.
They may also be involved in the preparation of pay checks as long as they do not have the ability to sign them and do not receive custody of signed but unclaimed pay checks that have not been voided.
3
Q
“They may also be involved in the preparation of pay checks as long as they do not have the ability to sign them and do not receive custody of signed but unclaimed pay checks that have not been voided.”
What is most likely the name of this department?
A
• Payroll
– This is the recording department that performs the calculation of payroll amounts.
They will examine and then update records based on authorization forms for hiring, firing, and pay rates received from personnel, and will calculate payroll based on time sheets and other reports approved by appropriate supervisors in the various operational departments of the company.
They update pay records and prepare vouchers for the amount of payment.
They may also be involved in the preparation of pay checks as long as they do not have the ability to sign them and do not receive custody of signed but unclaimed pay checks that have not been voided.
4
Q
“They will examine and then update records based on authorization forms for hiring, firing, and pay rates received from personnel, and will calculate payroll based on time sheets and other reports approved by appropriate supervisors in the various operational departments of the company.”
What is most likely the name of this department?
A
• Payroll
– This is the recording department that performs the calculation of payroll amounts.
They will examine and then update records based on authorization forms for hiring, firing, and pay rates received from personnel, and will calculate payroll based on time sheets and other reports approved by appropriate supervisors in the various operational departments of the company.
They update pay records and prepare vouchers for the amount of payment.
They may also be involved in the preparation of pay checks as long as they do not have the ability to sign them and do not receive custody of signed but unclaimed pay checks that have not been voided.
5
Q
“They update pay records and prepare vouchers for the amount of payment.”
What is most likely the name of this department?
A
• Payroll
– This is the recording department that performs the calculation of payroll amounts.
They will examine and then update records based on authorization forms for hiring, firing, and pay rates received from personnel, and will calculate payroll based on time sheets and other reports approved by appropriate supervisors in the various operational departments of the company.
They update pay records and prepare vouchers for the amount of payment.
They may also be involved in the preparation of pay checks as long as they do not have the ability to sign them and do not receive custody of signed but unclaimed pay checks that have not been voided.
6
Q
“They will examine and then update records based on authorization forms for hiring, firing, and pay rates received from personnel,”
What is most likely the name of this department?
A
• Payroll
– This is the recording department that performs the calculation of payroll amounts.
They will examine and then update records based on authorization forms for hiring, firing, and pay rates received from personnel, and will calculate payroll based on time sheets and other reports approved by appropriate supervisors in the various operational departments of the company.
They update pay records and prepare vouchers for the amount of payment.
They may also be involved in the preparation of pay checks as long as they do not have the ability to sign them and do not receive custody of signed but unclaimed pay checks that have not been voided.
7
Q
“They will calculate payroll based on time sheets.”
What is most likely the name of this department?
A
• Payroll
– This is the recording department that performs the calculation of payroll amounts.
They will examine and then update records based on authorization forms for hiring, firing, and pay rates received from personnel, and will calculate payroll based on time sheets and other reports approved by appropriate supervisors in the various operational departments of the company.
They update pay records and prepare vouchers for the amount of payment.
They may also be involved in the preparation of pay checks as long as they do not have the ability to sign them and do not receive custody of signed but unclaimed pay checks that have not been voided.
8
Q
“They will calculate payroll based on other reports approved by appropriate supervisors in the various operational departments of the company.
What is most likely the name of this department?
A
• Payroll
– This is the recording department that performs the calculation of payroll amounts.
They will examine and then update records based on authorization forms for hiring, firing, and pay rates received from personnel, and will calculate payroll based on time sheets and other reports approved by appropriate supervisors in the various operational departments of the company.
They update pay records and prepare vouchers for the amount of payment.
They may also be involved in the preparation of pay checks as long as they do not have the ability to sign them and do not receive custody of signed but unclaimed pay checks that have not been voided.
9
Q
“This is the custody department that is responsible for the signing and distribution of pay checks to employees.”
What is most likely the name of this department?
A
• Treasurer
– This is the custody department that is responsible for the signing and distribution of pay checks to employees, and unclaimed paychecks should always be retained within this same department until they are either distributed or voided.
If payment of wages is in cash, employees should be required to sign a receipt for the amount received.
10
Q
“Unclaimed paychecks should always be retained within this same department until they are either distributed or voided.”
What is most likely the name of this department?
A
• Treasurer
– This is the custody department that is responsible for the signing and distribution of pay checks to employees, and unclaimed paychecks should always be retained within this same department until they are either distributed or voided.
If payment of wages is in cash, employees should be required to sign a receipt for the amount received.
11
Q
“If payment of wages is in cash, employees should be required to sign a receipt for the amount received.
This is the custody department that is responsible for the signing and distribution of pay to employees”
What is most likely the name of this department?
A
• Treasurer
– This is the custody department that is responsible for the signing and distribution of pay checks to employees, and unclaimed paychecks should always be retained within this same department until they are either distributed or voided.
If payment of wages is in cash, employees should be required to sign a receipt for the amount received.
12
Q
“Bank Reconciliation”
What is most likely the name of this department?
A
• Controller – Comparison
– Bank Reconciliation.
13
Q
“Comparison”
What is most likely the name of this department?
A
• Controller – Comparison
– Bank Reconciliation.
14
Q
What department responsible for:
Hire
Fire
Salary Rates
A
What department responsible for:
Hire
Fire
Salary Rates
Answer: Personnel (Authorize)
15
Q
What department responsible for pay calculation?
A
What department responsible for pay calculation?
Payroll (Recording)
16
Q
What department responsible for signs and distributes checks?
A
What department responsible for signs and distributes checks?
Treasurer (Custody)
17
Q
What department have custody of cash?
A
What department have custody of cash?
Treasurer (Custody)
18
Q
Who perform bank reconciliation?
A
Who perform bank reconciliation?
Controller (Comparison)
19
Q
What is key documents generated in the personnel and payroll cycle?
Key Documents
- Personnel ______;
- Hiring and deduction authorization forms (W-4);
- Time cards;
- Payroll register;
- Paychecks;
- Payroll cost allocation; and
- Bank reconciliations.
A
What is key documents generated in the personnel and payroll cycle?
Key Documents
- Personnel records;
- Hiring and deduction authorization forms (W-4);
- Time cards;
- Payroll register;
- Paychecks;
- Payroll cost allocation; and
- Bank reconciliations.
20
Q
What is key documents generated in the personnel and payroll cycle?
Key Documents
- _________ records;
- Hiring and deduction authorization forms (W-4);
- Time cards;
- Payroll register;
- Paychecks;
- Payroll cost allocation; and
- Bank reconciliations.
A
What is key documents generated in the personnel and payroll cycle?
Key Documents
- Personnel records;
- Hiring and deduction authorization forms (W-4);
- Time cards;
- Payroll register;
- Paychecks;
- Payroll cost allocation; and
- Bank reconciliations.
21
Q
What is key documents generated in the personnel and payroll cycle?
Key Documents
- Personnel records;
- Hiring and deduction authorization forms (____);
- Time cards;
- Payroll register;
- Paychecks;
- Payroll cost allocation; and
- Bank reconciliations.
A
What is key documents generated in the personnel and payroll cycle?
Key Documents
- Personnel records;
- Hiring and deduction authorization forms (W-4);
- Time cards;
- Payroll register;
- Paychecks;
- Payroll cost allocation; and
- Bank reconciliations.
22
Q
What is key documents generated in the personnel and payroll cycle?
Key Documents
- Personnel records;
- ______ and __________ authorization forms (W-4);
- Time cards;
- Payroll register;
- Paychecks;
- Payroll cost allocation; and
- Bank reconciliations.
A
What is key documents generated in the personnel and payroll cycle?
Key Documents
- Personnel records;
- Hiring and deduction authorization forms (W-4);
- Time cards;
- Payroll register;
- Paychecks;
- Payroll cost allocation; and
- Bank reconciliations.
23
Q
What is key documents generated in the personnel and payroll cycle?
Key Documents
- Personnel records;
- Hiring and deduction ______________ forms (W-4);
- Time cards;
- Payroll register;
- Paychecks;
- Payroll cost allocation; and
- Bank reconciliations.
A
What is key documents generated in the personnel and payroll cycle?
Key Documents
- Personnel records;
- Hiring and deduction authorization forms (W-4);
- Time cards;
- Payroll register;
- Paychecks;
- Payroll cost allocation; and
- Bank reconciliations.
24
Q
What is key documents generated in the personnel and payroll cycle?
Key Documents
- Personnel records;
- Hiring and deduction authorization _____ (W-4);
- Time cards;
- Payroll register;
- Paychecks;
- Payroll cost allocation; and
- Bank reconciliations.
A
What is key documents generated in the personnel and payroll cycle?
Key Documents
- Personnel records;
- Hiring and deduction authorization forms (W-4);
- Time cards;
- Payroll register;
- Paychecks;
- Payroll cost allocation; and
- Bank reconciliations.
25
What is key documents generated in the personnel and payroll cycle?
Key Documents
* Personnel records;
* Hiring and deduction authorization forms (W-4);
* _____ cards;
* Payroll register;
* Paychecks;
* Payroll cost allocation; and
* Bank reconciliations.
What is key documents generated in the personnel and payroll cycle?
Key Documents
* Personnel records;
* Hiring and deduction authorization forms (W-4);
* Time cards;
* Payroll register;
* Paychecks;
* Payroll cost allocation; and
* Bank reconciliations.
26
What is key documents generated in the personnel and payroll cycle?
Key Documents
* Personnel records;
* Hiring and deduction authorization forms (W-4);
* Time _____;
* Payroll register;
* Paychecks;
* Payroll cost allocation; and
* Bank reconciliations.
What is key documents generated in the personnel and payroll cycle?
Key Documents
* Personnel records;
* Hiring and deduction authorization forms (W-4);
* Time cards;
* Payroll register;
* Paychecks;
* Payroll cost allocation; and
* Bank reconciliations.
27
What is key documents generated in the personnel and payroll cycle?
Key Documents
* Personnel records;
* Hiring and deduction authorization forms (W-4);
* Time cards;
* ________ register;
* Paychecks;
* Payroll cost allocation; and
* Bank reconciliations.
What is key documents generated in the personnel and payroll cycle?
Key Documents
* Personnel records;
* Hiring and deduction authorization forms (W-4);
* Time cards;
* Payroll register;
* Paychecks;
* Payroll cost allocation; and
* Bank reconciliations.
28
What is key documents generated in the personnel and payroll cycle?
Key Documents
* Personnel records;
* Hiring and deduction authorization forms (W-4);
* Time cards;
* Payroll _______;
* Paychecks;
* Payroll cost allocation; and
* Bank reconciliations.
What is key documents generated in the personnel and payroll cycle?
Key Documents
* Personnel records;
* Hiring and deduction authorization forms (W-4);
* Time cards;
* Payroll register;
* Paychecks;
* Payroll cost allocation; and
* Bank reconciliations.
29
What is key documents generated in the personnel and payroll cycle?
Key Documents
* Personnel records;
* Hiring and deduction authorization forms (W-4);
* Time cards;
* Payroll register;
* __________;
* Payroll cost allocation; and
* Bank reconciliations.
What is key documents generated in the personnel and payroll cycle?
Key Documents
* Personnel records;
* Hiring and deduction authorization forms (W-4);
* Time cards;
* Payroll register;
* Paychecks;
* Payroll cost allocation; and
* Bank reconciliations.
30
What is W-4 ?
_______ and __________ authorization forms
One of the key documents generated in this personnel and payroll cycle
W-4 = Hiring and deduction authorization forms
31
What is W-4 ?
_______ and __________ _______________forms
One of the key documents generated in this personnel and payroll cycle
W-4 = Hiring and deduction authorization forms
32
What is W-4 ?
W-4 = Hiring and deduction authorization forms
33
What is key documents generated in the personnel and payroll cycle?
Key Documents
* Personnel records;
* Hiring and deduction authorization forms (W-4);
* Time cards;
* Payroll register;
* Paychecks;
* ______ cost allocation; and
* Bank reconciliations.
What is key documents generated in the personnel and payroll cycle?
Key Documents
* Personnel records;
* Hiring and deduction authorization forms (W-4);
* Time cards;
* Payroll register;
* Paychecks;
* Payroll cost allocation; and
* Bank reconciliations.
34
What is key documents generated in the personnel and payroll cycle?
Key Documents
* Personnel records;
* Hiring and deduction authorization forms (W-4);
* Time cards;
* Payroll register;
* Paychecks;
* Payroll ____ allocation; and
* Bank reconciliations.
What is key documents generated in the personnel and payroll cycle?
Key Documents
* Personnel records;
* Hiring and deduction authorization forms (W-4);
* Time cards;
* Payroll register;
* Paychecks;
* Payroll cost allocation; and
* Bank reconciliations.
35
What is key documents generated in the personnel and payroll cycle?
Key Documents
* Personnel records;
* Hiring and deduction authorization forms (W-4);
* Time cards;
* Payroll register;
* Paychecks;
* Payroll cost allocation; and
* Bank reconciliations.
What is key documents generated in the personnel and payroll cycle?
Key Documents
* Personnel records;
* Hiring and deduction authorization forms (W-4);
* Time cards;
* Payroll register;
* Paychecks;
* Payroll cost allocation; and
* Bank reconciliations.
36
What is key documents generated in the personnel and payroll cycle?
Key Documents
* Personnel records;
* Hiring and deduction authorization forms (W-4);
* Time cards;
* Payroll register;
* Paychecks;
* Payroll cost _______; and
* Bank reconciliations.
What is key documents generated in the personnel and payroll cycle?
Key Documents
* Personnel records;
* Hiring and deduction authorization forms (W-4);
* Time cards;
* Payroll register;
* Paychecks;
* Payroll cost allocation; and
* Bank reconciliations.
37
What is key documents generated in the personnel and payroll cycle?
Key Documents
* Personnel records;
* Hiring and deduction authorization forms (W-4);
* Time cards;
* Payroll register;
* Paychecks;
* Payroll cost allocation; and
* ____ reconciliations.
What is key documents generated in the personnel and payroll cycle?
Key Documents
* Personnel records;
* Hiring and deduction authorization forms (W-4);
* Time cards;
* Payroll register;
* Paychecks;
* Payroll cost allocation; and
* Bank reconciliations.
38
What is key documents generated in the personnel and payroll cycle?
Key Documents
* Personnel records;
* Hiring and deduction authorization forms (W-4);
* Time cards;
* Payroll register;
* Paychecks;
* Payroll cost allocation; and
* Bank __________.
What is key documents generated in the personnel and payroll cycle?
Key Documents
* Personnel records;
* Hiring and deduction authorization forms (W-4);
* Time cards;
* Payroll register;
* Paychecks;
* Payroll cost allocation; and
* Bank reconciliations.
39
What is key documents generated in the personnel and payroll cycle?
Key Documents
* _________ records;
* Hiring and ________ authorization forms (W-4);
* _____ cards;
* ________ register;
* Paychecks;
* Payroll cost allocation; and
* Bank reconciliations.
What is key documents generated in the personnel and payroll cycle?
Key Documents
* Personnel records;
* Hiring and deduction authorization forms (W-4);
* Time cards;
* Payroll register;
* Paychecks;
* Payroll cost allocation; and
* Bank reconciliations.
40
What is key documents generated in the personnel and payroll cycle?
Key Documents
* Personnel records;
* Hiring and deduction authorization forms (W-4);
* Time cards;
* Payroll ________;
* Pay_______;
* Payroll cost _________; and
* Bank ____________.
What is key documents generated in the personnel and payroll cycle?
Key Documents
* Personnel records;
* Hiring and deduction authorization forms (W-4);
* Time cards;
* Payroll register;
* Paychecks;
* Payroll cost allocation; and
* Bank reconciliations.
41
What is key documents generated in the personnel and payroll cycle?
Key Documents
* Personnel records;
* _______ and deduction authorization forms (W-4);
* Time _____;
* Payroll register;
* Paychecks;
* _______ cost allocation; and
* Bank reconciliations.
What is key documents generated in the personnel and payroll cycle?
Key Documents
* Personnel records;
* Hiring and deduction authorization forms (W-4);
* Time cards;
* Payroll register;
* Paychecks;
* Payroll cost allocation; and
* Bank reconciliations.
42
What is key documents generated in the personnel and payroll cycle?
Key Documents
* _________ records;
* Hiring and ________ authorization forms (W-4);
* _____ cards;
* ________ register;
* ____________;
* Payroll ____ allocation; and
* _____ reconciliations.
What is key documents generated in the personnel and payroll cycle?
Key Documents
* Personnel records;
* Hiring and deduction authorization forms (W-4);
* Time cards;
* Payroll register;
* Paychecks;
* Payroll cost allocation; and
* Bank reconciliations.
43
What is key documents generated in the personnel and payroll cycle?
Key Documents
* ________ records;
* Hiring and deduction authorization forms (____);
* Time ______;
* Payroll ________;
* Pay_______;
* Payroll cost _________; and
* Bank ____________.
What is key documents generated in the personnel and payroll cycle?
Key Documents
* Personnel records;
* Hiring and deduction authorization forms (W-4);
* Time cards;
* Payroll register;
* Paychecks;
* Payroll cost allocation; and
* Bank reconciliations.
44
What is key documents generated in the personnel and payroll cycle?
Key Documents
* Personnel _______;
* Hiring and deduction authorization forms (W-4);
* Time cards;
What is key documents generated in the personnel and payroll cycle?
Key Documents
* Personnel records;
* Hiring and deduction authorization forms (W-4);
* Time cards;
45
What is key documents generated in the personnel and payroll cycle?
Key Documents
* Personnel records;
* Hiring and deduction _____________ forms (W-4);
* Time cards;
What is key documents generated in the personnel and payroll cycle?
Key Documents
* Personnel records;
* Hiring and deduction authorization forms (W-4);
* Time cards;
46
What is key documents generated in the personnel and payroll cycle?
Key Documents
* Personnel records;
* Hiring and deduction authorization forms (W-4);
* Time ____;
What is key documents generated in the personnel and payroll cycle?
Key Documents
* Personnel records;
* Hiring and deduction authorization forms (W-4);
* Time cards;
47
What is key documents generated in the personnel and payroll cycle?
Key Documents
* Payroll ________;
* Paychecks;
What is key documents generated in the personnel and payroll cycle?
Key Documents
* Payroll register;
* Paychecks;
48
What is key documents generated in the personnel and payroll cycle?
Key Documents
* Payroll register;
* __________;
What is key documents generated in the personnel and payroll cycle?
Key Documents
* Payroll register;
* Paychecks;
49
What is key documents generated in the personnel and payroll cycle?
Key Documents
* Payroll cost ___________; and
* Bank reconciliations.
What is key documents generated in the personnel and payroll cycle?
Key Documents
* Payroll cost allocation; and
* Bank reconciliations.
50
What is key documents generated in the personnel and payroll cycle?
Key Documents
* Payroll cost allocation; and
* Bank ____________.
What is key documents generated in the personnel and payroll cycle?
Key Documents
* Payroll cost allocation; and
* Bank reconciliations.
51
What is key documents generated in the personnel and payroll cycle?
Key Documents
* _______ cost allocation; and
* Bank reconciliations.
What is key documents generated in the personnel and payroll cycle?
Key Documents
* Payroll cost allocation; and
* Bank reconciliations.
52
Personnel
– This is the ____________ department that is responsible for hiring of new employees, approval of changes in pay rates, and termination of employees.
Personnel
– This is the authorization department that is responsible for hiring of new employees, approval of changes in pay rates, and termination of employees.
53
Personnel
– This is the authorization department that is __________ for hiring of new employees, approval of changes in pay rates, and termination of employees.
Personnel
– This is the authorization department that is responsible for hiring of new employees, approval of changes in pay rates, and termination of employees.
54
Personnel
– This is the authorization department that is responsible for
hiring of new __________,
approval of changes in pay rates,
and termination of employees.
Personnel
– This is the authorization department that is responsible for
hiring of new employees,
approval of changes in pay rates,
and termination of employees.
55
Personnel
– This is the authorization department that is responsible for
______ of new employees,
approval of changes in pay rates,
and termination of employees.
Personnel
– This is the authorization department that is responsible for
hiring of new employees,
approval of changes in pay rates,
and termination of employees.
56
Personnel
– This is the authorization department that is responsible for
hiring of new employees,
_________ of changes in pay rates,
and termination of employees.
Personnel
– This is the authorization department that is responsible for
hiring of new employees,
approval of changes in pay rates,
and termination of employees.
57
Personnel
– This is the authorization department that is responsible for
hiring of new employees,
approval of changes in ___ ______,
and termination of employees.
Personnel
– This is the authorization department that is responsible for
hiring of new employees,
approval of changes in pay rates,
and termination of employees.
58
Personnel
– This is the authorization department that is responsible for
hiring of new employees,
approval of changes in pay rates,
and ____________ of employees.
Personnel
– This is the authorization department that is responsible for
hiring of new employees,
approval of changes in pay rates,
and termination of employees.
59
Personnel
– This is the authorization department that is responsible for
hiring of new employees,
approval of _______ in pay rates,
and termination of employees.
Personnel
– This is the authorization department that is responsible for
hiring of new employees,
approval of changes in pay rates,
and termination of employees.
60
Personnel
– This is the authorization department that is responsible for
hiring of new employees,
approval of changes in pay rates,
and termination of __________.
Personnel
– This is the authorization department that is responsible for
hiring of new employees,
approval of changes in pay rates,
and termination of employees.
61
Payroll
– This is the __________ department that performs the calculation of payroll amounts.
Payroll
– This is the recording department that performs the calculation of payroll amounts.
62
Payroll
– This is the recording department that performs the __________ of payroll amounts.
Payroll
– This is the recording department that performs the calculation of payroll amounts.
63
Payroll
– This is the recording department that performs the calculation of ________ amounts.
Payroll
– This is the recording department that performs the calculation of payroll amounts.
64
Payroll
– The payroll department will
________ and then update records based on authorization forms
Payroll
– The payroll department will
examine and then update records based on authorization forms
65
Payroll
– The payroll department will
examine and then _____ records based on authorization forms
Payroll
– The payroll department will
examine and then update records based on authorization forms
66
Payroll
– The payroll department will
examine and then update records based on ____________ forms
Payroll
– The payroll department will
examine and then update records based on authorization forms
67
Payroll
– The payroll department will
examine and then update records based on authorization forms for
hiring, firing, and pay rates ________ from personnel,
Payroll
– The payroll department will
examine and then update records based on authorization forms for
hiring, firing, and pay rates received from personnel,
68
Payroll
– The payroll department will
examine and then update records based on authorization forms for
hiring, firing, and pay rates received from __________,
Payroll
– The payroll department will
examine and then update records based on authorization forms for
hiring, firing, and pay rates received from personnel,
69
Payroll
– The payroll department will
examine and then update records based on authorization forms for
hiring, firing, and pay rates received from personnel,
and will _________ payroll based on time sheets
Payroll
– The payroll department will
examine and then update records based on authorization forms for
hiring, firing, and pay rates received from personnel,
and will calculate payroll based on time sheets
70
Payroll
– The payroll department will
examine and then update records based on authorization forms for
hiring, firing, and pay rates received from personnel,
and will calculate ______ based on time sheets
Payroll
– The payroll department will
examine and then update records based on authorization forms for
hiring, firing, and pay rates received from personnel,
and will calculate payroll based on time sheets
71
Payroll
– The payroll department will
examine and then update records based on authorization forms for
hiring, firing, and pay rates received from personnel,
and will calculate payroll based on time sheets and other reports
_________ by appropriate supervisors in the various operational departments of the company.
Payroll
– The payroll department will
examine and then update records based on authorization forms for
hiring, firing, and pay rates received from personnel,
and will calculate payroll based on time sheets and other reports
approved by appropriate supervisors in the various operational departments of the company.
72
Payroll
– The payroll department will
examine and then update records based on authorization forms for
hiring, firing, and pay rates received from personnel,
and will calculate payroll based on time sheets and other reports
approved by appropriate supervisors in the various __________ departments of the company.
Payroll
– The payroll department will
examine and then update records based on authorization forms for
hiring, firing, and pay rates received from personnel,
and will calculate payroll based on time sheets and other reports
approved by appropriate supervisors in the various operational departments of the company.
73
Treasurer
– This is the _______ department that is responsible for
the signing and distribution of pay checks to employees,
Treasurer
– This is the custody department that is responsible for
the signing and distribution of pay checks to employees,
74
Treasurer
– This is the custody department that is responsible for
the ________ and distribution of pay checks to employees,
Treasurer
– This is the custody department that is responsible for
the signing and distribution of pay checks to employees,
75
Treasurer
– This is the custody department that is responsible for
the signing and _________ of pay checks to employees,
Treasurer
– This is the custody department that is responsible for
the signing and distribution of pay checks to employees,
76
Treasurer
– This is the custody department that is responsible for
the signing and distribution of ___________ to employees,
Treasurer
– This is the custody department that is responsible for
the signing and distribution of pay checks to employees,
77
Treasurer
– This is the custody department that is responsible for
the signing and distribution of pay checks to employees,
and ________ paychecks should always be retained within this same department until they are either distributed or voided.
Treasurer
– This is the custody department that is responsible for
the signing and distribution of pay checks to employees,
and unclaimed paychecks should always be retained within this same department until they are either distributed or voided.
78
Treasurer
– This is the custody department that is responsible for
the signing and distribution of pay checks to employees,
and unclaimed paychecks should always be _________ within this same department until they are either distributed or voided.
Treasurer
– This is the custody department that is responsible for
the signing and distribution of pay checks to employees,
and unclaimed paychecks should always be retained within this same department until they are either distributed or voided.
79
Treasurer
– This is the custody department that is responsible for
the signing and distribution of pay checks to employees,
and unclaimed paychecks should always be retained within this same department until they are either __________ or voided.
Treasurer
– This is the custody department that is responsible for
the signing and distribution of pay checks to employees,
and unclaimed paychecks should always be retained within this same department until they are either distributed or voided.
80
Treasurer
– This is the custody department that is responsible for
the signing and distribution of pay checks to employees,
and unclaimed paychecks should always be retained within this same department until they are either distributed or _______.
Treasurer
– This is the custody department that is responsible for
the signing and distribution of pay checks to employees,
and unclaimed paychecks should always be retained within this same department until they are either distributed or voided.
81
Controller – Comparison
– Bank ____________.
Controller – Comparison
– Bank Reconciliation.
82
Controller – ____________
– Bank Reconciliation.
Controller – Comparison
– Bank Reconciliation.
83
• ___________ – (authorization)
| Hire, Fire, Salary Rates
• Personnel – (authorization)
| Hire, Fire, Salary Rates
84
• ______ – (recording)
| Calculate Pay
• Payroll – (recording)
| Calculate Pay
85
• __________ – (custody)
Signs and distributes checks
Custody of cash
• Treasurer – (custody)
Signs and distributes checks
Custody of cash
86
• _________ – (comparison)
| Bank Reconciliation
• Controller – (comparison)
| Bank Reconciliation
87
"The department is involved with the personnel records and all the hiring forms, including the deduction forms for payroll deductions."
What is most likely the name of this department?
Personnel Department (HR)
The personnel department is involved with the personnel records and all the hiring forms, including the deduction forms for payroll deductions.
The personnel department approves changes in pay rates and deductions from employee salaries.
The personnel department is also involved in the termination process.
It is essential that the personnel department promptly sends employees’ termination notices to the payroll department.
88
"The department approves changes in pay rates and deductions from employee salaries."
What is most likely the name of this department?
Personnel Department (HR)
The personnel department is involved with the personnel records and all the hiring forms, including the deduction forms for payroll deductions.
The personnel department approves changes in pay rates and deductions from employee salaries.
The personnel department is also involved in the termination process.
It is essential that the personnel department promptly sends employees’ termination notices to the payroll department.
89
"The department is also involved in the termination process."
What is most likely the name of this department?
Personnel Department (HR)
The personnel department is involved with the personnel records and all the hiring forms, including the deduction forms for payroll deductions.
The personnel department approves changes in pay rates and deductions from employee salaries.
The personnel department is also involved in the termination process.
It is essential that the personnel department promptly sends employees’ termination notices to the payroll department.
90
"It is essential that the department promptly sends employees’ termination notices to the payroll department."
What is most likely the name of this department?
Personnel Department (HR)
The personnel department is involved with the personnel records and all the hiring forms, including the deduction forms for payroll deductions.
The personnel department approves changes in pay rates and deductions from employee salaries.
The personnel department is also involved in the termination process.
It is essential that the personnel department promptly sends employees’ termination notices to the payroll department.
91
"The department examines authorization forms from the personnel department for new employees."
What is most likely the name of this department?
Payroll Department
The payroll department examines authorization forms from the personnel department for new employees and adds the employees’ names to the payroll processing program.
The payroll department promptly updates the records for changes in deductions, pay rates, and terminations.
The payroll department enters all the time card and wage rate information into the payroll register.
Payroll checks are prepared by the payroll department and submitted to the treasurer for signature.
92
"The department adds the employees’ names to the payroll processing program."
What is most likely the name of this department?
Payroll Department
The payroll department examines authorization forms from the personnel department for new employees and adds the employees’ names to the payroll processing program.
The payroll department promptly updates the records for changes in deductions, pay rates, and terminations.
The payroll department enters all the time card and wage rate information into the payroll register.
Payroll checks are prepared by the payroll department and submitted to the treasurer for signature.
93
"The department promptly updates the records for changes in deductions."
What is most likely the name of this department?
Payroll Department
The payroll department examines authorization forms from the personnel department for new employees and adds the employees’ names to the payroll processing program.
The payroll department promptly updates the records for changes in deductions, pay rates, and terminations.
The payroll department enters all the time card and wage rate information into the payroll register.
Payroll checks are prepared by the payroll department and submitted to the treasurer for signature.
94
"The department promptly updates the records for changes in pay rates."
What is most likely the name of this department?
Payroll Department
The payroll department examines authorization forms from the personnel department for new employees and adds the employees’ names to the payroll processing program.
The payroll department promptly updates the records for changes in deductions, pay rates, and terminations.
The payroll department enters all the time card and wage rate information into the payroll register.
Payroll checks are prepared by the payroll department and submitted to the treasurer for signature.
95
"The department promptly updates the records for employee terminations."
What is most likely the name of this department?
Payroll Department
The payroll department examines authorization forms from the personnel department for new employees and adds the employees’ names to the payroll processing program.
The payroll department promptly updates the records for changes in deductions, pay rates, and terminations.
The payroll department enters all the time card and wage rate information into the payroll register.
Payroll checks are prepared by the payroll department and submitted to the treasurer for signature.
96
"The department enters all the time card and wage rate information into the payroll register."
What is most likely the name of this department?
Payroll Department
The payroll department examines authorization forms from the personnel department for new employees and adds the employees’ names to the payroll processing program.
The payroll department promptly updates the records for changes in deductions, pay rates, and terminations.
The payroll department enters all the time card and wage rate information into the payroll register.
Payroll checks are prepared by the payroll department and submitted to the treasurer for signature.
97
"The department prepares paychecks."
What is most likely the name of this department?
Payroll Department
The payroll department examines authorization forms from the personnel department for new employees and adds the employees’ names to the payroll processing program.
The payroll department promptly updates the records for changes in deductions, pay rates, and terminations.
The payroll department enters all the time card and wage rate information into the payroll register.
Payroll checks are prepared by the payroll department and submitted to the treasurer for signature.
98
"The department submits paychecks to the treasurer for signature."
What is most likely the name of this department?
Payroll Department
The payroll department examines authorization forms from the personnel department for new employees and adds the employees’ names to the payroll processing program.
The payroll department promptly updates the records for changes in deductions, pay rates, and terminations.
The payroll department enters all the time card and wage rate information into the payroll register.
Payroll checks are prepared by the payroll department and submitted to the treasurer for signature.
99
"The department prepares a payroll cost allocation based on the time card information."
What is most likely the name of this department?
Payroll Department
The payroll department also prepares a payroll cost allocation based on the time card information.
The payroll cost allocation is used to distribute payroll costs over the various accounts affected.
100
What is payroll cost allocation?
The payroll cost allocation is used to _________ payroll costs over the various accounts affected.
The payroll cost allocation is used to distribute payroll costs over the various accounts affected.
101
The payroll cost allocation is used to distribute payroll costs over the _______ accounts affected.
The payroll cost allocation is used to distribute payroll costs over the various accounts affected.
102
The payroll cost allocation is used to distribute payroll costs over the various ________ affected.
The payroll cost allocation is used to distribute payroll costs over the various accounts affected.
103
The payroll cost allocation is used to distribute payroll costs over the various accounts __________.
The payroll cost allocation is used to distribute payroll costs over the various accounts affected.
104
The payroll cost allocation is used to distribute payroll costs ____ the various accounts affected.
The payroll cost allocation is used to distribute payroll costs over the various accounts affected.
105
What is employee responsibility?
The employee _________ a time card, and _______ it to the supervisor for authorization.
The time card is then ____ to the payroll department.
Employee
The employee prepares a time card, and submits it to the supervisor for authorization.
The time card is then sent to the payroll department.
106
What is employee responsibility?
The employee prepares a __________, and submits it to the supervisor for authorization.
The ___________ is then sent to the payroll department.
Employee
The employee prepares a time card, and submits it to the supervisor for authorization.
The time card is then sent to the payroll department.
107
What is employee responsibility?
The employee prepares a time card, and submits it to the ________ for authorization.
The time card is then sent to the _______ department.
Employee
The employee prepares a time card, and submits it to the supervisor for authorization.
The time card is then sent to the payroll department.
108
What is employee responsibility?
The employee prepares a time card, and submits it to the supervisor for ____________.
The time card is then sent to the payroll ___________.
Employee
The employee prepares a time card, and submits it to the supervisor for authorization.
The time card is then sent to the payroll department.
109
What is employee responsibility?
The employee _________ a __________, and submits it to the supervisor for authorization.
The ___________ is then sent to the payroll department.
Employee
The employee prepares a time card, and submits it to the supervisor for authorization.
The time card is then sent to the payroll department.
110
What is employee responsibility?
Employee
The employee prepares a time card, and submits it to the supervisor for authorization.
The time card is then sent to the payroll department.
111
"Receives the checks from the payroll department and signs them.
What is most likely the name of this position ?
Treasurer
The treasurer receives the checks from the payroll department and signs them.
The treasurer is responsible for distribution of paychecks.
Unclaimed paychecks should remain in the custody of the treasurer.
Unclaimed checks should not be returned to the payroll department.
112
"Responsible for distribution of paychecks."
What is most likely the name of this department?
Treasurer
The treasurer receives the checks from the payroll department and signs them.
The treasurer is responsible for distribution of paychecks.
Unclaimed paychecks should remain in the custody of the treasurer.
Unclaimed checks should not be returned to the payroll department.
113
Where does the unclaimed paychecks go?
Treasurer
Unclaimed paychecks should remain in the custody of the treasurer.
Unclaimed checks should not be returned to the payroll department.
114
Will unclaimed paychecks be returned to payroll department?
Will unclaimed paychecks be returned to payroll department?
Answer: No
Unclaimed paychecks should remain in the custody of the treasurer.
---------------
Treasurer
Unclaimed paychecks should remain in the custody of the treasurer.
Unclaimed checks should not be returned to the payroll department.
115
Why the controller should prepare monthly bank reconciliations?
Why the controller should prepare monthly bank reconciliations?
Answer: To VERIFY that there were NO ERRORS made in recording receipts in the cash receipts journal.
----------------
Controller
As an overall verification of custody controls over cash, the controller should prepare monthly bank reconciliations
to verify that there were no errors made in recording receipts in the cash receipts journal.
116
• The functions of
_________ the hiring of personnel,
payroll processing (recording)
and distributing payroll checks (custody)
should be segregated.
• The functions of
authorizing the hiring of personnel,
payroll processing (recording)
and distributing payroll checks (custody)
should be segregated.
117
• The functions of
authorizing the hiring of personnel,
payroll processing (_________)
and distributing payroll checks (custody)
should be segregated.
• The functions of
authorizing the hiring of personnel,
payroll processing (recording)
and distributing payroll checks (custody)
should be segregated.
118
• The functions of
authorizing the _______ of personnel,
payroll __________ (recording)
and distributing payroll checks (custody)
should be segregated.
• The functions of
authorizing the hiring of personnel,
payroll processing (recording)
and distributing payroll checks (custody)
should be segregated.
119
• The functions of
authorizing the hiring of personnel,
_____ processing (recording)
and __________ payroll checks (custody)
should be segregated.
• The functions of
authorizing the hiring of personnel,
payroll processing (recording)
and distributing payroll checks (custody)
should be segregated.
120
• The functions of
__________ the hiring of personnel,
payroll processing (_________)
and distributing payroll checks (custody)
should be segregated.
• The functions of
authorizing the hiring of personnel,
payroll processing (recording)
and distributing payroll checks (custody)
should be segregated.
121
• The functions of
authorizing the hiring of personnel,
payroll processing (recording)
and distributing payroll checks (_______)
should be ___________.
• The functions of
authorizing the hiring of personnel,
payroll processing (recording)
and distributing payroll checks (custody)
should be segregated.
122
• The __________ of
authorizing the hiring of personnel,
payroll processing (recording)
and distributing payroll checks (custody)
should be segregated.
• The functions of
authorizing the hiring of personnel,
payroll processing (recording)
and distributing payroll checks (custody)
should be segregated.
123
• The functions of
___________ payroll rate changes
and payroll processing (recording)
should be segregated.
• The functions of
authorizing payroll rate changes
and payroll processing (recording)
should be segregated.
124
• The functions of
authorizing payroll rate changes
and payroll processing (__________)
should be segregated.
• The functions of
authorizing payroll rate changes
and payroll processing (recording)
should be segregated.
125
• The functions of
authorizing payroll ____ changes
and payroll processing (recording)
should be segregated.
• The functions of
authorizing payroll rate changes
and payroll processing (recording)
should be segregated.
126
• The functions of
authorizing payroll rate changes
and _____ processing (recording)
should be segregated.
• The functions of
authorizing payroll rate changes
and payroll processing (recording)
should be segregated.
127
• The functions of
_________ payroll rate changes
and payroll processing (________)
should be segregated.
• The functions of
authorizing payroll rate changes
and payroll processing (recording)
should be segregated.
128
• The functions of
authorizing payroll rate _______
and payroll ________ (recording)
should be segregated.
• The functions of
authorizing payroll rate changes
and payroll processing (recording)
should be segregated.
129
• The _________ of
authorizing payroll rate changes
and payroll processing (recording)
should be segregated.
• The functions of
authorizing payroll rate changes
and payroll processing (recording)
should be segregated.
130
• Payroll _______ should be
prepared by the payroll department
and signed by the treasurer,
segregating recording and custody.
• Payroll checks should be
prepared by the payroll department
and signed by the treasurer,
segregating recording and custody.
131
• Payroll checks should be
__________ by the payroll department
and signed by the treasurer,
segregating recording and custody.
• Payroll checks should be
prepared by the payroll department
and signed by the treasurer,
segregating recording and custody.
132
• Payroll checks should be
prepared by the payroll department
and ______ by the treasurer,
segregating recording and custody.
• Payroll checks should be
prepared by the payroll department
and signed by the treasurer,
segregating recording and custody.
133
• Payroll checks should be
prepared by the payroll department
and signed by the ________,
segregating recording and custody.
• Payroll checks should be
prepared by the payroll department
and signed by the treasurer,
segregating recording and custody.
134
• Payroll checks should be
prepared by the _______ department
and signed by the treasurer,
segregating recording and custody.
• Payroll checks should be
prepared by the payroll department
and signed by the treasurer,
segregating recording and custody.
135
• Payroll checks should be
prepared by the payroll department
and signed by the treasurer,
segregating _________ and custody.
• Payroll checks should be
prepared by the payroll department
and signed by the treasurer,
segregating recording and custody.
136
• Payroll checks should be
prepared by the payroll department
and signed by the treasurer,
segregating recording and ________.
• Payroll checks should be
prepared by the payroll department
and signed by the treasurer,
segregating recording and custody.
137
• ______ checks should be
prepared by the payroll department
and signed by the treasurer,
segregating recording and custody.
• Payroll checks should be
prepared by the payroll department
and signed by the treasurer,
segregating recording and custody.
138
• Payroll checks should be
__________ by the payroll department
and ________ by the treasurer,
segregating recording and custody.
• Payroll checks should be
prepared by the payroll department
and signed by the treasurer,
segregating recording and custody.
139
• Payroll checks should be
prepared by the _____ department
and signed by the ________ ,
segregating recording and custody.
• Payroll checks should be
prepared by the payroll department
and signed by the treasurer,
segregating recording and custody.
140
• Payroll checks should be
prepared by the payroll department
and signed by the treasurer,
_________ recording and custody.
• Payroll checks should be
prepared by the payroll department
and signed by the treasurer,
segregating recording and custody.
141
Service Organizations
Many companies use various types of service bureaus to assist them with the processing of routine transactions.
Service Organizations
Many companies use various types of service bureaus to assist them with the processing of routine transactions.
142
Service Organizations
Many companies use various types of service bureaus to assist them with the processing of ro_____ transactions.
Service Organizations
Many companies use various types of service bureaus to assist them with the processing of routine transactions.
143
Service Organizations
Many companies use various types of service bureaus to assist them with the processing of routine transactions.
Certain transactions, like pay____, may require a particular expertise and can often be processed more efficiently by an entity that specializes in that type of transaction.
Service Organizations
Many companies use various types of service bureaus to assist them with the processing of routine transactions.
Certain transactions, like payroll, may require a particular expertise and can often be processed more efficiently by an entity that specializes in that type of transaction.
144
Service Organizations
Many companies use various types of service bureaus to assist them with the processing of routine transactions.
Certain transactions, like payroll, may require a particular expertise and can often be processed more efficiently by an entity that specializes in that type of transaction.
One of the most common types of service bureaus pro____es the payroll of various customer entities.
Service Organizations
Many companies use various types of service bureaus to assist them with the processing of routine transactions.
Certain transactions, like payroll, may require a particular expertise and can often be processed more efficiently by an entity that specializes in that type of transaction.
One of the most common types of service bureaus processes the payroll of various customer entities.
145
Service Organizations
When an entity uses one of these service bureaus, also referred to as service organizations,
AU-C section 402,
Audit Considerations Relating to an Entity Using a Service Organization,
provides guidance as to the impact on an audit.
Service Organizations
When an entity uses one of these service bureaus, also referred to as service organizations,
AU-C section 402,
Audit Considerations Relating to an Entity Using a Service Organization,
provides guidance as to the impact on an audit.
146
Service Organizations
When an entity uses one of these service bureaus, also referred to as service organizations,
AU-C section 402,
Audit Considerations Relating to an Entity Using a Service Organization,
provides guidance as to the impact on an a____.
Service Organizations
When an entity uses one of these service bureaus, also referred to as service organizations,
AU-C section 402,
Audit Considerations Relating to an Entity Using a Service Organization,
provides guidance as to the impact on an audit.
147
Service Organizations
When an entity uses one of these service bureaus, also referred to as service organizations,
AU-C section 402,
Audit Considerations Relating to an Entity Using a Ser____ Organization,
provides guidance as to the impact on an audit.
Service Organizations
When an entity uses one of these service bureaus, also referred to as service organizations,
AU-C section 402,
Audit Considerations Relating to an Entity Using a Service Organization,
provides guidance as to the impact on an audit.
148
Service Organizations
When an entity uses one of these service bureaus, also referred to as service organizations,
AU-C section 402,
Audit Considerations Relating to an Entity Using a Service Organization,
provides guidance as to the impact on an audit.
It defines a ser____ organization as
“an organization or segment of an organization that provides services to user entities that are relevant to those user entities’ internal control over financial reporting.”
Service Organizations
When an entity uses one of these service bureaus, also referred to as service organizations,
AU-C section 402,
Audit Considerations Relating to an Entity Using a Service Organization,
provides guidance as to the impact on an audit.
It defines a service organization as
“an organization or segment of an organization that provides services to user entities that are relevant to those user entities’ internal control over financial reporting.”
149
Service Organizations
AU-C section 402,
Audit Considerations Relating to an Entity Using a Service Organization,
provides guidance as to the impact on an audit.
It defines a service organization as
“an organization or segment of an organization that provides services to user entities that are relevant to those user entities’ internal control over financial reporting.”
Service Organizations
AU-C section 402,
Audit Considerations Relating to an Entity Using a Service Organization,
provides guidance as to the impact on an audit.
It defines a service organization as
“an organization or segment of an organization that provides services to user entities that are relevant to those user entities’ internal control over financial reporting.”
150
Service Organizations
AU-C section 402,
Audit Considerations Relating to an Entity Using a Service Organization,
provides guidance as to the im____ on an audit.
It defines a service organization as
“an organization or segment of an organization that provides services to user entities that are relevant to those user entities’ internal control over financial reporting.”
Service Organizations
AU-C section 402,
Audit Considerations Relating to an Entity Using a Service Organization,
provides guidance as to the impact on an audit.
It defines a service organization as
“an organization or segment of an organization that provides services to user entities that are relevant to those user entities’ internal control over financial reporting.”
151
Service Organizations
AU-C section 402,
Audit Considerations Relating to an Entity Using a Service Organization,
defines a service organization as
“an organ______ or segment of an organization
that provides services to user entities that are relevant to those user
entities’ internal control over financial reporting.”
Service Organizations
AU-C section 402,
Audit Considerations Relating to an Entity Using a Service Organization,
defines a service organization as
“an organization or segment of an organization
that provides services to user entities that are relevant to those user
entities’ internal control over financial reporting.”
152
Service Organizations
AU-C section 402,
Audit Considerations Relating to an Entity Using a Service Organization,
defines a service organization as
“an organization or segment of an organization
that provides ser____s to user entities that are relevant to those user
entities’ internal control over financial reporting.”
Service Organizations
AU-C section 402,
Audit Considerations Relating to an Entity Using a Service Organization,
defines a service organization as
“an organization or segment of an organization
that provides services to user entities that are relevant to those user
entities’ internal control over financial reporting.”
153
Service Organizations
AU-C section 402,
Audit Considerations Relating to an Entity Using a Service Organization,
defines a service organization as
“an organization or segment of an organization
that provides services to user entities that are re______ to those user
entities’ internal control over financial reporting.”
Service Organizations
AU-C section 402,
Audit Considerations Relating to an Entity Using a Service Organization,
defines a service organization as
“an organization or segment of an organization
that provides services to user entities that are relevant to those user
entities’ internal control over financial reporting.”
154
Service Organizations
AU-C section 402,
Audit Considerations Relating to an Entity Using a Service Organization,
defines a service organization as
“an organization or segment of an organization
that provides services to user entities that are relevant to those user
entities’ int_____ control over financial reporting.”
Service Organizations
AU-C section 402,
Audit Considerations Relating to an Entity Using a Service Organization,
defines a service organization as
“an organization or segment of an organization
that provides services to user entities that are relevant to those user
entities’ internal control over financial reporting.”
155
Service Organizations
AU-C section 402,
Audit Considerations Relating to an Entity Using a Service Organization,
defines a service organization as
“an organization or segment of an organization
that provides services to user entities that are relevant to those user
entities’ internal con____ over financial reporting.”
Service Organizations
AU-C section 402,
Audit Considerations Relating to an Entity Using a Service Organization,
defines a service organization as
“an organization or segment of an organization
that provides services to user entities that are relevant to those user
entities’ internal control over financial reporting.”
156
Service Organizations
AU-C section 402 defines a service organization as
“an organization or seg____ of an organization
that provides services to user entities that are relevant to those user
entities’ internal control over financial reporting.”
Service Organizations
AU-C section 402 defines a service organization as
“an organization or segment of an organization
that provides services to user entities that are relevant to those user
entities’ internal control over financial reporting.”
157
Service Organizations
AU-C section 402 defines a service organization as
“an organization or segment of an organization
that provides services to us__ entities that are relevant to those user
entities’ internal control over financial reporting.”
Service Organizations
AU-C section 402 defines a service organization as
“an organization or segment of an organization
that provides services to user entities that are relevant to those user
entities’ internal control over financial reporting.”
158
Service Organizations
AU-C section 402 defines a service organization as
“an organization or segment of an organization
that provides services to user entities that are relevant to those us__
entities’ internal control over financial reporting.”
Service Organizations
AU-C section 402 defines a service organization as
“an organization or segment of an organization
that provides services to user entities that are relevant to those user
entities’ internal control over financial reporting.”
159
Service Organizations
AU-C section 402 defines a service organization as
“an organization or segment of an organization
that provides services to user entities that are relevant to those user
entities’ internal control over fin______ reporting.”
Service Organizations
AU-C section 402 defines a service organization as
“an organization or segment of an organization
that provides services to user entities that are relevant to those user
entities’ internal control over financial reporting.”
160
Service Organizations
The objective of the “user auditor”
(the auditor of the client using the services of the service organization),
Service Organizations
The objective of the “user auditor”
(the auditor of the client using the services of the service organization),
161
Service Organizations
The objective of the “user auditor”
(the auditor of the cli___ using the services of the service organization),
Service Organizations
The objective of the “user auditor”
(the auditor of the client using the services of the service organization),
162
Service Organizations
The objective of the “user auditor”
(the auditor of the client u_ing the services of the service organization),
Service Organizations
The objective of the “user auditor”
(the auditor of the client using the services of the service organization),
163
Service Organizations
The objective of the “user auditor”
(the auditor of the client using the ser____s of the service organization),
are to obtain an understanding of the nature and significance of the services provided,
Service Organizations
The objective of the “user auditor”
(the auditor of the client using the services of the service organization),
are to obtain an understanding of the nature and significance of the services provided,
164
Service Organizations
The objective of the “user auditor”
(the auditor of the client using the services of the service organization),
are to obtain an un_______ding of the nature and significance of the services provided,
Service Organizations
The objective of the “user auditor”
(the auditor of the client using the services of the service organization),
are to obtain an understanding of the nature and significance of the services provided,
165
Service Organizations
The objective of the “user auditor”
(the auditor of the client using the services of the service organization),
are to obtain an understanding of the na____ and significance of the services provided,
Service Organizations
The objective of the “user auditor”
(the auditor of the client using the services of the service organization),
are to obtain an understanding of the nature and significance of the services provided,
166
Service Organizations
The objective of the “user auditor”
(the auditor of the client using the services of the service organization),
are to obtain an understanding of the nature and sign________ of the services provided,
Service Organizations
The objective of the “user auditor”
(the auditor of the client using the services of the service organization),
are to obtain an understanding of the nature and significance of the services provided,
167
Service Organizations
The objective of the “user auditor”
(the auditor of the client using the services of the service organization),
are to obtain an understanding of the nature and significance of the services provided,
and ev_______ their effect on the user entity’s internal control
Service Organizations
The objective of the “user auditor”
(the auditor of the client using the services of the service organization),
are to obtain an understanding of the nature and significance of the services provided,
and evaluate their effect on the user entity’s internal control
168
Service Organizations
The objective of the “user auditor”
(the auditor of the client using the services of the service organization),
are to obtain an understanding of the nature and significance of the services provided,
and evaluate their eff___ on the user entity’s internal control
Service Organizations
The objective of the “user auditor”
(the auditor of the client using the services of the service organization),
are to obtain an understanding of the nature and significance of the services provided,
and evaluate their effect on the user entity’s internal control
169
Service Organizations
The objective of the “user auditor”
(the auditor of the client using the services of the service organization),
are to obtain an understanding of the nature and significance of the services provided,
and evaluate their effect on the us__ entity’s internal control
Service Organizations
The objective of the “user auditor”
(the auditor of the client using the services of the service organization),
are to obtain an understanding of the nature and significance of the services provided,
and evaluate their effect on the user entity’s internal control
170
Service Organizations
The objective of the “user auditor”
(the auditor of the client using the services of the service organization),
are to obtain an understanding of the nature and significance of the services provided,
and evaluate their effect on the user entity’s internal con____
Service Organizations
The objective of the “user auditor”
(the auditor of the client using the services of the service organization),
are to obtain an understanding of the nature and significance of the services provided,
and evaluate their effect on the user entity’s internal control
171
Service Organizations
The objective of the “user auditor”
(the auditor of the client using the services of the service organization),
are to obtain an understanding of the nature and significance of the services provided,
and evaluate their effect on the user entity’s internal control
in order to ass___ the risks of material misstatement,
Service Organizations
The objective of the “user auditor”
(the auditor of the client using the services of the service organization),
are to obtain an understanding of the nature and significance of the services provided,
and evaluate their effect on the user entity’s internal control
in order to assess the risks of material misstatement,
172
Service Organizations
The objective of the “user auditor”
(the auditor of the client using the services of the service organization),
are to obtain an understanding of the nature and significance of the services provided,
and evaluate their effect on the user entity’s internal control
in order to assess the r___s of material misstatement,
Service Organizations
The objective of the “user auditor”
(the auditor of the client using the services of the service organization),
are to obtain an understanding of the nature and significance of the services provided,
and evaluate their effect on the user entity’s internal control
in order to assess the risks of material misstatement,
173
Service Organizations
The objective of the “user auditor”
(the auditor of the client using the services of the service organization),
are to obtain an understanding of the nature and significance of the services provided,
and evaluate their effect on the user entity’s internal control
in order to assess the risks of material misstatement,
and to de____ and perform audit procedures responsive to those risks.
Service Organizations
The objective of the “user auditor”
(the auditor of the client using the services of the service organization),
are to obtain an understanding of the nature and significance of the services provided,
and evaluate their effect on the user entity’s internal control
in order to assess the risks of material misstatement,
and to design and perform audit procedures responsive to those risks.
174
Service Organizations
The objective of the “user auditor”
(the auditor of the client using the services of the service organization),
are to obtain an understanding of the nature and significance of the services provided,
and evaluate their effect on the user entity’s internal control
in order to assess the risks of material misstatement,
and to design and per____ audit procedures responsive to those risks.
Service Organizations
The objective of the “user auditor”
(the auditor of the client using the services of the service organization),
are to obtain an understanding of the nature and significance of the services provided,
and evaluate their effect on the user entity’s internal control
in order to assess the risks of material misstatement,
and to design and perform audit procedures responsive to those risks.
175
Service Organizations
The objective of the “user auditor”
(the auditor of the client using the services of the service organization),
are to obtain an understanding of the nature and significance of the services provided,
and evaluate their effect on the user entity’s internal control
in order to assess the risks of material misstatement,
and to design and perform au___ procedures responsive to those risks.
Service Organizations
The objective of the “user auditor”
(the auditor of the client using the services of the service organization),
are to obtain an understanding of the nature and significance of the services provided,
and evaluate their effect on the user entity’s internal control
in order to assess the risks of material misstatement,
and to design and perform audit procedures responsive to those risks.
176
Service Organizations
The objective of the “user auditor”
(the auditor of the client using the services of the service organization),
are to obtain an understanding of the nature and significance of the services provided,
and evaluate their effect on the user entity’s internal control
in order to assess the risks of material misstatement,
and to design and perform audit procedures responsive to those r___s.
Service Organizations
The objective of the “user auditor”
(the auditor of the client using the services of the service organization),
are to obtain an understanding of the nature and significance of the services provided,
and evaluate their effect on the user entity’s internal control
in order to assess the risks of material misstatement,
and to design and perform audit procedures responsive to those risks.
177
Service Organizations
The obj_____ of the “user auditor”
(the auditor of the client using the services of the service organization),
are to obtain an understanding of the nature and significance of the services provided,
and evaluate their effect on the user entity’s internal control
in order to assess the risks of material misstatement,
and to design and perform audit procedures responsive to those risks.
Service Organizations
The objective of the “user auditor”
(the auditor of the client using the services of the service organization),
are to obtain an understanding of the nature and significance of the services provided,
and evaluate their effect on the user entity’s internal control
in order to assess the risks of material misstatement,
and to design and perform audit procedures responsive to those risks.
178
Service Organizations
Since the auditor is not in a position to exa____ the activities of such an outside organization,
Service Organizations
Since the auditor is not in a position to examine the activities of such an outside organization,
179
Service Organizations
Since the auditor is not in a position to examine the activities of such an out____ organization,
Service Organizations
Since the auditor is not in a position to examine the activities of such an outside organization,
180
Service Organizations
Since the auditor is not in a position to examine the activities of such an outside organization,
they will often need to r__y on reports of the auditor of the service organization itself,
referred to as the service auditor.
Service Organizations
Since the auditor is not in a position to examine the activities of such an outside organization,
they will often need to rely on reports of the auditor of the service organization itself,
referred to as the service auditor.
181
Service Organizations
Since the auditor is not in a position to examine the activities of such an outside organization,
they will often need to rely on re____s of the auditor of the service organization itself,
referred to as the service auditor.
Service Organizations
Since the auditor is not in a position to examine the activities of such an outside organization,
they will often need to rely on reports of the auditor of the service organization itself,
referred to as the service auditor.
182
Service Organizations
Since the auditor is not in a position to examine the activities of such an outside organization,
they will often need to rely on reports of the auditor of the se_____ organization itself,
referred to as the service auditor.
Service Organizations
Since the auditor is not in a position to examine the activities of such an outside organization,
they will often need to rely on reports of the auditor of the service organization itself,
referred to as the service auditor.
183
Service Organizations
Since the auditor is not in a position to examine the activities of such an outside organization,
they will often need to rely on reports of the auditor of the service organization itself,
referred to as the ser____ auditor.
Service Organizations
Since the auditor is not in a position to examine the activities of such an outside organization,
they will often need to rely on reports of the auditor of the service organization itself,
referred to as the service auditor.
184
Service Organizations
Since the auditor is not in a position to examine the activities of such an outside organization, they will often need to rely on reports of the auditor of the service organization itself, referred to as the service auditor.
The latter will usually issue a report on the inte____ control structure that the former may consider in assessing the internal control structure of the client.
Service Organizations
Since the auditor is not in a position to examine the activities of such an outside organization, they will often need to rely on reports of the auditor of the service organization itself, referred to as the service auditor.
The latter will usually issue a report on the internal control structure that the former may consider in assessing the internal control structure of the client.
185
Service Organizations
Since the auditor is not in a position to examine the activities of such an outside organization, they will often need to rely on reports of the auditor of the service organization itself, referred to as the service auditor.
The latter will usually issue a report on the internal control stru_____
that the former may consider in assessing the internal control structure of the client.
Service Organizations
Since the auditor is not in a position to examine the activities of such an outside organization, they will often need to rely on reports of the auditor of the service organization itself, referred to as the service auditor.
The latter will usually issue a report on the internal control structure
that the former may consider in assessing the internal control structure of the client.
186
Service Organizations
Since the auditor is not in a position to examine the activities of such an outside organization, they will often need to rely on reports of the auditor of the service organization itself, referred to as the service auditor.
The latter will usually issue a report on the internal control structure
that the former may consider in as___ing the internal control structure of the client.
Service Organizations
Since the auditor is not in a position to examine the activities of such an outside organization, they will often need to rely on reports of the auditor of the service organization itself, referred to as the service auditor.
The latter will usually issue a report on the internal control structure
that the former may consider in assessing the internal control structure of the client.
187
Service Organizations
Since the auditor is not in a position to examine the activities of such an outside organization, they will often need to rely on reports of the auditor of the service organization itself, referred to as the service auditor.
The latter will usually issue a report on the internal control structure
that the former may consider in assessing the internal control st______ of the client.
Service Organizations
Since the auditor is not in a position to examine the activities of such an outside organization, they will often need to rely on reports of the auditor of the service organization itself, referred to as the service auditor.
The latter will usually issue a report on the internal control structure
that the former may consider in assessing the internal control structure of the client.
188
Service Organizations
Since the auditor is not in a position to examine the activities of such an outside organization, they will often need to rely on reports of the auditor of the service organization itself, referred to as the service auditor.
The latter will usually issue a report on the internal control structure that the former may consider in assessing the internal control structure of the client.
The re____ on internal control structure by the service organization's auditor will describe the services of the organization that are covered by the report and a description of the auditor's procedures.
Service Organizations
Since the auditor is not in a position to examine the activities of such an outside organization, they will often need to rely on reports of the auditor of the service organization itself, referred to as the service auditor.
The latter will usually issue a report on the internal control structure that the former may consider in assessing the internal control structure of the client.
The report on internal control structure by the service organization's auditor will describe the services of the organization that are covered by the report and a description of the auditor's procedures.
189
Service Organizations
The report on int_____ control structure by the service organization's auditor
will describe the services of the organization that are covered by the report and a description of the auditor's procedures.
Service Organizations
The report on internal control structure by the service organization's auditor
will describe the services of the organization that are covered by the report and a description of the auditor's procedures.
190
Service Organizations
The report on internal control structure by the ser____ organization's auditor
will describe the services of the organization that are covered by the report and a description of the auditor's procedures.
Service Organizations
The report on internal control structure by the service organization's auditor
will describe the services of the organization that are covered by the report and a description of the auditor's procedures.
191
Service Organizations
The report on internal control structure by the service organization's au_____
will describe the services of the organization that are covered by the report and a description of the auditor's procedures.
Service Organizations
The report on internal control structure by the service organization's auditor
will describe the services of the organization that are covered by the report and a description of the auditor's procedures.
192
Service Organizations
The report on internal control structure by the service organization's auditor
will desc____ the services of the organization that are covered by the report and a description of the auditor's procedures.
Service Organizations
The report on internal control structure by the service organization's auditor
will describe the services of the organization that are covered by the report and a description of the auditor's procedures.
193
Service Organizations
The report on internal control structure by the service organization's auditor
will describe the ser____s of the organization that are covered by the report and a description of the auditor's procedures.
Service Organizations
The report on internal control structure by the service organization's auditor
will describe the services of the organization that are covered by the report and a description of the auditor's procedures.
194
Service Organizations
The report on internal control structure by the service organization's auditor
will describe the services of the organization that are covered by the report and a desc______ of the auditor's procedures.
Service Organizations
The report on internal control structure by the service organization's auditor
will describe the services of the organization that are covered by the report and a description of the auditor's procedures.
195
Service Organizations
The report on internal control structure by the service organization's auditor
will describe the services of the organization that are covered by the report and a description of the au_____'s procedures.
Service Organizations
The report on internal control structure by the service organization's auditor
will describe the services of the organization that are covered by the report and a description of the auditor's procedures.
196
Service Organizations
The report on internal control structure by the service organization's auditor
will describe the services of the organization that are covered by the report and a description of the auditor's pro______s.
Service Organizations
The report on internal control structure by the service organization's auditor
will describe the services of the organization that are covered by the report and a description of the auditor's procedures.
197
Service Organizations
The report on internal control structure by the service organization's auditor will describe the services of the organization that are covered by the report and a description of the auditor's procedures.
This will enable the au_____ of one of the service organization's customers
to understand the overall impact of the service organization's work on the internal control structure of the customer.
Service Organizations
The report on internal control structure by the service organization's auditor will describe the services of the organization that are covered by the report and a description of the auditor's procedures.
This will enable the auditor of one of the service organization's customers
to understand the overall impact of the service organization's work on the internal control structure of the customer.
198
Service Organizations
The report on internal control structure by the service organization's auditor will describe the services of the organization that are covered by the report and a description of the auditor's procedures.
This will enable the auditor of one of the ser____ organization's customers
to understand the overall impact of the service organization's work on the internal control structure of the customer.
Service Organizations
The report on internal control structure by the service organization's auditor will describe the services of the organization that are covered by the report and a description of the auditor's procedures.
This will enable the auditor of one of the service organization's customers
to understand the overall impact of the service organization's work on the internal control structure of the customer.
199
Service Organizations
The report on internal control structure by the service organization's auditor will describe the services of the organization that are covered by the report and a description of the auditor's procedures.
This will enable the auditor of one of the service organization's customers
to understand the overall im____ of the service organization's work on the internal control structure of the customer.
Service Organizations
The report on internal control structure by the service organization's auditor will describe the services of the organization that are covered by the report and a description of the auditor's procedures.
This will enable the auditor of one of the service organization's customers
to understand the overall impact of the service organization's work on the internal control structure of the customer.
200
Service Organizations
The report on internal control structure by the service organization's auditor will describe the services of the organization that are covered by the report and a description of the auditor's procedures.
This will enable the auditor of one of the service organization's customers
to understand the overall impact of the ser____ organization's work on the internal control structure of the customer.
Service Organizations
The report on internal control structure by the service organization's auditor will describe the services of the organization that are covered by the report and a description of the auditor's procedures.
This will enable the auditor of one of the service organization's customers
to understand the overall impact of the service organization's work on the internal control structure of the customer.
201
Service Organizations
The report on internal control structure by the service organization's auditor will describe the services of the organization that are covered by the report and a description of the auditor's procedures.
This will enable the auditor of one of the service organization's customers
to understand the overall impact of the service organization's work on the internal co_____ structure of the customer.
Service Organizations
The report on internal control structure by the service organization's auditor will describe the services of the organization that are covered by the report and a description of the auditor's procedures.
This will enable the auditor of one of the service organization's customers
to understand the overall impact of the service organization's work on the internal control structure of the customer.
202
Service Organizations
The report on internal control structure by the service organization's auditor will describe the services of the organization that are covered by the report and a description of the auditor's procedures.
This will enable the auditor of one of the service organization's customers to understand the overall impact of the service organization's work on the internal control structure of the customer.
Before r___ing on such a report, the auditor should be satisfied as to the competence and independence of the service auditor,
Service Organizations
The report on internal control structure by the service organization's auditor will describe the services of the organization that are covered by the report and a description of the auditor's procedures.
This will enable the auditor of one of the service organization's customers to understand the overall impact of the service organization's work on the internal control structure of the customer.
Before relying on such a report, the auditor should be satisfied as to the competence and independence of the service auditor,
203
Service Organizations
The report on internal control structure by the service organization's auditor will describe the services of the organization that are covered by the report and a description of the auditor's procedures.
This will enable the auditor of one of the service organization's customers to understand the overall impact of the service organization's work on the internal control structure of the customer.
Before relying on such a re____, the auditor should be satisfied as to the competence and independence of the service auditor,
Service Organizations
The report on internal control structure by the service organization's auditor will describe the services of the organization that are covered by the report and a description of the auditor's procedures.
This will enable the auditor of one of the service organization's customers to understand the overall impact of the service organization's work on the internal control structure of the customer.
Before relying on such a report, the auditor should be satisfied as to the competence and independence of the service auditor,
204
Service Organizations
The report on internal control structure by the service organization's auditor will describe the services of the organization that are covered by the report and a description of the auditor's procedures.
This will enable the auditor of one of the service organization's customers to understand the overall impact of the service organization's work on the internal control structure of the customer.
Before relying on such a report, the auditor should be satisfied as to the com________ and independence of the service auditor,
Service Organizations
The report on internal control structure by the service organization's auditor will describe the services of the organization that are covered by the report and a description of the auditor's procedures.
This will enable the auditor of one of the service organization's customers to understand the overall impact of the service organization's work on the internal control structure of the customer.
Before relying on such a report, the auditor should be satisfied as to the competence and independence of the service auditor,
205
Service Organizations
The report on internal control structure by the service organization's auditor will describe the services of the organization that are covered by the report and a description of the auditor's procedures.
This will enable the auditor of one of the service organization's customers to understand the overall impact of the service organization's work on the internal control structure of the customer.
Before relying on such a report, the auditor should be satisfied as to the competence and indep_______ of the service auditor,
Service Organizations
The report on internal control structure by the service organization's auditor will describe the services of the organization that are covered by the report and a description of the auditor's procedures.
This will enable the auditor of one of the service organization's customers to understand the overall impact of the service organization's work on the internal control structure of the customer.
Before relying on such a report, the auditor should be satisfied as to the competence and independence of the service auditor,
206
Service Organizations
The report on internal control structure by the service organization's auditor will describe the services of the organization that are covered by the report and a description of the auditor's procedures.
This will enable the auditor of one of the service organization's customers to understand the overall impact of the service organization's work on the internal control structure of the customer.
Before relying on such a report, the auditor should be satisfied as to the competence and independence of the se_____ auditor,
Service Organizations
The report on internal control structure by the service organization's auditor will describe the services of the organization that are covered by the report and a description of the auditor's procedures.
This will enable the auditor of one of the service organization's customers to understand the overall impact of the service organization's work on the internal control structure of the customer.
Before relying on such a report, the auditor should be satisfied as to the competence and independence of the service auditor,
207
Service Organizations
The report on internal control structure by the service organization's auditor will describe the services of the organization that are covered by the report and a description of the auditor's procedures.
This will enable the auditor of one of the service organization's customers to understand the overall impact of the service organization's work on the internal control structure of the customer.
Before relying on such a report, the auditor should be satisfied as to the competence and independence of the service au_____,
and the adequacy of the standards under which the report was issued.
Service Organizations
The report on internal control structure by the service organization's auditor will describe the services of the organization that are covered by the report and a description of the auditor's procedures.
This will enable the auditor of one of the service organization's customers to understand the overall impact of the service organization's work on the internal control structure of the customer.
Before relying on such a report, the auditor should be satisfied as to the competence and independence of the service auditor,
and the adequacy of the standards under which the report was issued.
208
Service Organizations
The report on internal control structure by the service organization's auditor will describe the services of the organization that are covered by the report and a description of the auditor's procedures.
This will enable the auditor of one of the service organization's customers to understand the overall impact of the service organization's work on the internal control structure of the customer.
Before relying on such a report, the auditor should be satisfied as to the competence and independence of the service auditor,
and the ad_______y of the standards under which the report was issued.
Service Organizations
The report on internal control structure by the service organization's auditor will describe the services of the organization that are covered by the report and a description of the auditor's procedures.
This will enable the auditor of one of the service organization's customers to understand the overall impact of the service organization's work on the internal control structure of the customer.
Before relying on such a report, the auditor should be satisfied as to the competence and independence of the service auditor,
and the adequacy of the standards under which the report was issued.
209
Service Organizations
The report on internal control structure by the service organization's auditor will describe the services of the organization that are covered by the report and a description of the auditor's procedures.
This will enable the auditor of one of the service organization's customers to understand the overall impact of the service organization's work on the internal control structure of the customer.
Before relying on such a report, the auditor should be satisfied as to the competence and independence of the service auditor,
and the adequacy of the stan____s under which the report was issued.
Service Organizations
The report on internal control structure by the service organization's auditor will describe the services of the organization that are covered by the report and a description of the auditor's procedures.
This will enable the auditor of one of the service organization's customers to understand the overall impact of the service organization's work on the internal control structure of the customer.
Before relying on such a report, the auditor should be satisfied as to the competence and independence of the service auditor,
and the adequacy of the standards under which the report was issued.
210
Service Organizations
The report of the service organization's auditor
will assist the customer's auditor
in gaining an understanding of the internal control structure of the customer,
to the extent it depends on the service organization's work.
Service Organizations
The report of the service organization's auditor
will assist the customer's auditor
in gaining an understanding of the internal control structure of the customer,
to the extent it depends on the service organization's work.
211
Service Organizations
The re____ of the service organization's auditor
will assist the customer's auditor
Service Organizations
The report of the service organization's auditor
will assist the customer's auditor
212
Service Organizations
The report of the ser____ organization's auditor
will assist the customer's auditor
Service Organizations
The report of the service organization's auditor
will assist the customer's auditor
213
Service Organizations
The report of the service organization's auditor
will assist the customer's auditor
in gaining an und_______ing of the internal control structure of the customer,
Service Organizations
The report of the service organization's auditor
will assist the customer's auditor
in gaining an understanding of the internal control structure of the customer,
214
Service Organizations
The report of the service organization's auditor
will assist the customer's auditor
in gaining an understanding of the internal control str______ of the customer,
to the extent it depends on the service organization's work.
Service Organizations
The report of the service organization's auditor
will assist the customer's auditor
in gaining an understanding of the internal control structure of the customer,
to the extent it depends on the service organization's work.
215
Service Organizations
The report of the service organization's auditor
will assist the customer's auditor
in gaining an understanding of the internal control structure of the customer,
to the extent it de____s on the service organization's work.
Service Organizations
The report of the service organization's auditor
will assist the customer's auditor
in gaining an understanding of the internal control structure of the customer,
to the extent it depends on the service organization's work.
216
Service Organizations
The report of the service organization's auditor
will assist the customer's auditor
in gaining an understanding of the internal control structure of the customer,
to the ex____ it depends on the service organization's work.
Service Organizations
The report of the service organization's auditor
will assist the customer's auditor
in gaining an understanding of the internal control structure of the customer,
to the extent it depends on the service organization's work.
217
Service Organizations
The report of the service organization's auditor will assist the customer's auditor in gaining an understanding of the internal control structure of the customer, to the extent it depends on the service organization's work.
This will not, however, be considered a ba___ for determining the effectiveness of the customer's internal control structure,
Service Organizations
The report of the service organization's auditor will assist the customer's auditor in gaining an understanding of the internal control structure of the customer, to the extent it depends on the service organization's work.
This will not, however, be considered a basis for determining the effectiveness of the customer's internal control structure,
218
Service Organizations
The report of the service organization's auditor will assist the customer's auditor in gaining an understanding of the internal control structure of the customer, to the extent it depends on the service organization's work.
This will not, however, be considered a basis for de______ing the effectiveness of the customer's internal control structure,
Service Organizations
The report of the service organization's auditor will assist the customer's auditor in gaining an understanding of the internal control structure of the customer, to the extent it depends on the service organization's work.
This will not, however, be considered a basis for determining the effectiveness of the customer's internal control structure,
219
Service Organizations
The report of the service organization's auditor will assist the customer's auditor in gaining an understanding of the internal control structure of the customer, to the extent it depends on the service organization's work.
This will not, however, be considered a basis for determining the effe________ of the customer's internal control structure,
Service Organizations
The report of the service organization's auditor will assist the customer's auditor in gaining an understanding of the internal control structure of the customer, to the extent it depends on the service organization's work.
This will not, however, be considered a basis for determining the effectiveness of the customer's internal control structure,
220
Service Organizations
The report of the service organization's auditor will assist the customer's auditor in gaining an understanding of the internal control structure of the customer, to the extent it depends on the service organization's work.
This will not, however, be considered a basis for determining the effectiveness of the customer's inte_____ control structure,
so the use of the report is not a division of responsibility.
Service Organizations
The report of the service organization's auditor will assist the customer's auditor in gaining an understanding of the internal control structure of the customer, to the extent it depends on the service organization's work.
This will not, however, be considered a basis for determining the effectiveness of the customer's internal control structure,
so the use of the report is not a division of responsibility.
221
Service Organizations
The report of the service organization's auditor will assist the customer's auditor in gaining an understanding of the internal control structure of the customer, to the extent it depends on the service organization's work.
This will not, however, be considered a basis for determining the effectiveness of the customer's internal control structure,
so the u__ of the report is not a division of responsibility.
Service Organizations
The report of the service organization's auditor will assist the customer's auditor in gaining an understanding of the internal control structure of the customer, to the extent it depends on the service organization's work.
This will not, however, be considered a basis for determining the effectiveness of the customer's internal control structure,
so the use of the report is not a division of responsibility.
222
Service Organizations
The report of the service organization's auditor will assist the customer's auditor in gaining an understanding of the internal control structure of the customer, to the extent it depends on the service organization's work.
This will not, however, be considered a basis for determining the effectiveness of the customer's internal control structure,
so the use of the report is not a div____ of responsibility.
Service Organizations
The report of the service organization's auditor will assist the customer's auditor in gaining an understanding of the internal control structure of the customer, to the extent it depends on the service organization's work.
This will not, however, be considered a basis for determining the effectiveness of the customer's internal control structure,
so the use of the report is not a division of responsibility.
223
Service Organizations
The report of the service organization's auditor will assist the customer's auditor in gaining an understanding of the internal control structure of the customer, to the extent it depends on the service organization's work.
This will not, however, be considered a basis for determining the effectiveness of the customer's internal control structure,
so the use of the report is NOT a division of res________y.
Service Organizations
The report of the service organization's auditor will assist the customer's auditor in gaining an understanding of the internal control structure of the customer, to the extent it depends on the service organization's work.
This will not, however, be considered a basis for determining the effectiveness of the customer's internal control structure,
so the use of the report is NOT a division of responsibility.
224
Service Organizations
The report of the service organization's auditor will assist the customer's auditor in gaining an understanding of the internal control structure of the customer, to the extent it depends on the service organization's work.
This will not, however, be considered a basis for determining the effectiveness of the customer's internal control structure, so the use of the report is NOT a division of responsibility.
As a result, there must be NO REFERENCE to the auditor of the service organization in the audit report on the financial statements of the customer.
Service Organizations
The report of the service organization's auditor will assist the customer's auditor in gaining an understanding of the internal control structure of the customer, to the extent it depends on the service organization's work.
This will not, however, be considered a basis for determining the effectiveness of the customer's internal control structure, so the use of the report is NOT a division of responsibility.
As a result, there must be NO REFERENCE to the auditor of the service organization in the audit report on the financial statements of the customer.
225
Service Organizations
The report of the service organization's auditor will assist the customer's auditor in gaining an understanding of the internal control structure of the customer, to the extent it depends on the service organization's work.
This will not, however, be considered a basis for determining the effectiveness of the customer's internal control structure, so the use of the report is NOT a division of responsibility.
As a result, there must be NO REFERENCE to the auditor of the ser____ organization in the audit report on the financial statements of the customer.
Service Organizations
The report of the service organization's auditor will assist the customer's auditor in gaining an understanding of the internal control structure of the customer, to the extent it depends on the service organization's work.
This will not, however, be considered a basis for determining the effectiveness of the customer's internal control structure, so the use of the report is NOT a division of responsibility.
As a result, there must be NO REFERENCE to the auditor of the service organization in the audit report on the financial statements of the customer.
226
Service Organizations
The report of the service organization's auditor will assist the customer's auditor in gaining an understanding of the internal control structure of the customer, to the extent it depends on the service organization's work.
This will not, however, be considered a basis for determining the effectiveness of the customer's internal control structure, so the use of the report is NOT a division of responsibility.
As a result, there must be NO REFERENCE to the auditor of the service organization in the audit re____ on the financial statements of the customer.
Service Organizations
The report of the service organization's auditor will assist the customer's auditor in gaining an understanding of the internal control structure of the customer, to the extent it depends on the service organization's work.
This will not, however, be considered a basis for determining the effectiveness of the customer's internal control structure, so the use of the report is NOT a division of responsibility.
As a result, there must be NO REFERENCE to the auditor of the service organization in the audit report on the financial statements of the customer.
227
Service Organizations
The report of the service organization's auditor will assist the customer's auditor in gaining an understanding of the internal control structure of the customer, to the extent it depends on the service organization's work.
This will not, however, be considered a basis for determining the effectiveness of the customer's internal control structure, so the use of the report is NOT a division of responsibility.
As a result, there must be NO REFERENCE to the auditor of the service organization in the audit report on the financial statements of the cus_____.
Service Organizations
The report of the service organization's auditor will assist the customer's auditor in gaining an understanding of the internal control structure of the customer, to the extent it depends on the service organization's work.
This will not, however, be considered a basis for determining the effectiveness of the customer's internal control structure, so the use of the report is NOT a division of responsibility.
As a result, there must be NO REFERENCE to the auditor of the service organization in the audit report on the financial statements of the customer.
228
Service Organizations
The re____ of the service organization's auditor will assist the customer's auditor in gaining an understanding of the internal control structure of the customer, to the extent it depends on the service organization's work.
This will not, however, be considered a basis for determining the effectiveness of the customer's internal control structure, so the use of the report is NOT a division of responsibility.
As a result, there must be NO REFERENCE to the auditor of the service organization in the audit report on the financial statements of the customer.
Service Organizations
The report of the service organization's auditor will assist the customer's auditor in gaining an understanding of the internal control structure of the customer, to the extent it depends on the service organization's work.
This will not, however, be considered a basis for determining the effectiveness of the customer's internal control structure, so the use of the report is NOT a division of responsibility.
As a result, there must be NO REFERENCE to the auditor of the service organization in the audit report on the financial statements of the customer.
229
Service Organizations
Transactions processed by service organization (payroll processing) (AU-C 402/AT-C 320)
* TofC in place at client.
* TofC in place at service organization by another auditor.
* Get report from the other Auditor (service auditor).
* A service auditor should inquire of management about subsequent events.
Service Organizations
Transactions processed by service organization (payroll processing) (AU-C 402/AT-C 320)
* TofC in place at client.
* TofC in place at service organization by another auditor.
* Get report from the other Auditor (service auditor).
* A service auditor should inquire of management about subsequent events.
230
Service Organizations
Transactions processed by service organization
(payroll processing) (AU-C 402/AT-C 320)
* TofC in place at client.
* TofC in place at service organization by another auditor.
* Get report from the other Auditor (service auditor).
* A service auditor should inquire of management about subsequent events.
Service Organizations
Transactions processed by service organization
(payroll processing) (AU-C 402/AT-C 320)
* TofC in place at client.
* TofC in place at service organization by another auditor.
* Get report from the other Auditor (service auditor).
* A service auditor should inquire of management about subsequent events.
