For clients that distribute checks or cash payments and have significant payroll control weakness, which of the following audit procedures is aimed at determining whether every name on the company payroll is a bona fide employee actually on the job?
A. Analytical comparisons of budgeted to actual payroll expense.
B. A test of payroll extensions.
C. Comparison of payee names on canceled payroll checks with the payroll register.
D. A surprised observation of a paycheck distribution, while establishing the identity of each employee receiving payment.
Answer: D
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Which of the following statement regarding organizational buying is most likely to be incorrect?
A. The buying process involves many individuals, multiple goals, and potentially conflicting decision criteria B. Establishing the decision criteria is an important step in organizational buying process C. An organizational buying situation begins when the firm perceives a business problem D. Organizational buyers almost always make very quick decisions E. Organizational buyers tend to focus on very rational goals such as reducing expenses or increasing sales
The Children's Online Privacy Protection Act A) deals only with the collection of data that will be disclosed to children
B) restricts the use of social media sites by children. C) regulates the activities of Internet operators with regard to collecting information from children. D) is enforced by the EEOC.
A tax meets the standard of sufficiency if it is easy for people to pay the tax.
Answer the following statement true (T) or false (F)
Which of the following is the final step of the three-step process for solving an ethical problem?
A. Planning a solution B. Making a decision C. Analyzing the actions D. Analyzing the consequences