Exam IIA-CIA-Part2 All QuestionsBrowse all questions from this exam
Question 153

A payroll clerk enters payroll transactions into the general ledger. The staff accountant reconciles the payroll ledgers. The payroll manager issues the manual payroll checks. The checks are maintained in a locked cabinet. The chief financial officer secures the keys to the cabinet. The payroll clerk distributes the manual checks.

The payroll manager reconciles the bank statements monthly. Which of the following audit steps best addresses the risk of fraud in the payroll process?

    Correct Answer: D

    To address the risk of fraud in the payroll process, the best audit step is to vouch a sample of items on bank reconciliations to supporting documentation. This ensures that the reconciliations are accurate and that all payroll transactions have corresponding supporting documents, reducing the likelihood of fraudulent activities going unnoticed.

Discussion
MANHATTAN12Option: A

Bordro yöneticisi hazırladığı listenin mutabakatını yapmamalı.

Tico

why D?