Kiểm toán 1 MCQ

The following system of time recording operates at Green Ltd.

Staff clock in and out of work using a swipe card. There is no supervision of this practice but there is a control in place ensuring that only current employees have a swipecard in their possession.

Which one of the following might be a consequence of the above?

• Employees are paid at an inappropriate rate.

• Employee deductions are inappropriate.

• Employees are paid for more than the hours worked

• Fictional employees may be set up

The auditors of Pink Ltd have performed analytical procedures on the salaries figures in the financial statements and the salary per head appears to have increased by 10% from the previous year.

Assuming there are no errors in the salaries figure, which one of the following explains this movement?

• An increase in staff numbers along all staff levels

• An increase in general inflation

• An increase in the number of low-skilled staff

• An increase in the number of highly-skilled staff

At Blue Ltd, the payroll department is responsible for both processing salaries and for maintaining all staff records and contracts.

Which two of the following represent risks in this system arising from the above responsibilities?

• Fictitious employees are easily created.

• Salary deductions are miscalculated.

• Salaries are paid at the wrong time.

• Changes in employee circumstances are not updated on the payroll.

In a system where wages are paid in cash, which three of the following duties should be segregated?

• Preparing the payroll summary

• Requesting each employee to sign for his pay packet

• Filling pay packets with the cash

• Distribution of wages

• Requesting verification of employees' identity

The following describes certain processes of the payroll system in operation at Orange Ltd. For each process select whether it represents a strength or a deficiency of the system.

There is no separate personnel department.

• Strength

• Deficiency

The following describes certain processes of the payroll system in operation at Orange Ltd. For each process select whether it represents a strength or a deficiency of the system.

Only selected payroll staff have access to standing information on staff

• Strength

• Deficiency

The following describes certain processes of the payroll system in operation at Orange Ltd. For each process select whether it represents a strength or a deficiency of the system.

All changes in salary rates are approved by the head of human resources.

• Strength

• Deficiency

The following are descriptions of internal controls in operation at Josh Ltd. For each description select the type of control activity which it illustrates.

Payroll information is agreed to personnel files prior to processing.

• Performance review

• Information processing

• Physical control

The following are descriptions of internal controls in operation at Josh Ltd. For each description select the type of control activity which it illustrates.

Budgeted salaries are compared to actual salaries on a monthly basis.

• Performance review

• Information processing

• Physical control

Maryland Ltd employs 150 employees and has very high annual staff turnover. Which one of the following controls would best ensure that only existing employees are paid and that leavers do not continue to be paid?

• Staff records are maintained for each member of staff.

• Staff complete work schedules, which they submit direct to the payroll department.

• Monthly comparisons are made between staff records held by the human resources manager and the payroll office.

• Staff are paid by direct transfers to their bank accounts.