In determining the effectiveness of an entity's policies and procedures relating to the existence or occurrence assertion for payroll transactions, an auditor most likely would inquire about and:

A. observe the segregation of duties concerning human resource responsibilities and payroll disbursement.
B. verify the preparation of the monthly payroll account bank reconciliation.
C. recompute the payroll deductions for employee fringe benefits.
D. inspect evidence that all prenumbered payroll checks are accounted for.


Answer: A

Business

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Continuing the scenario from Q1, the day of Ishya’s team meeting with her new Learning and Development Director, Ron, arrives. Ishya and Ron have decided to invite other stakeholders, as well, including Carmen, the new Vice President of Human Resources. Carmen wonders who designed the program and who’s been involved in running the program. Which section of their evaluation proposal should Ishya’s team be sure to emphasize for Carmen?

a. organization b. program and stakeholders c. evaluation methodology d. feasibility and risk assessments

Business

Your firm intends to finance the purchase of a new construction crane. The cost is $1,500,000. What is the size of the first payment if the crane is financed with an interest-only loan at an annual rate of 8.50%?

A) $228,611.56 B) $127,500.00 C) $3,391,475.16 D) There is not enough information to answer this question.

Business

With respect to the alternative evaluation stage of the consumer decision-making process, how a golf cart handles, how the brakes on a bicycle work, and how well a stain remover eliminates dirt stains are all examples of

A. physiological stimuli. B. functional consequences. C. schedules of reinforcement. D. subjective bundles. E. psychosocial consequences.

Business

Answer the following statement(s) true (T) or false (F)

The executive summary gives a brief overview of what is to follow, helps put all of the information into perspective, and should be no longer than three pages.

Business