During the year being audited, the Matthews Corporation changed from a system of recording time worked on clock cards to an IT payroll system in which employees record time in and out with magnetic cards. The IT system automatically updates all payroll records. Because of this change ...
(a) a generalized computer audit program must be used.
(b) without paper clock cards, part of the audit trail is altered
(c) the potential for payroll-related fraud is diminished
(d) transactions must be processed in batches
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “During the year being audited, the Matthews Corporation changed from a system of recording time worked on clock cards to an IT payroll ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers
You Might be Interested in
Which stage of activity in logistics involves waste disposal and recycling?
Answers (1)
On March 1, 2017, Carla Vista Co. Acquired real estate, on which it planned to construct a small office building, by paying $79,000 in cash.
Answers (1)
Digital certificates are issued by organizations known as what term?
Answers (1)
Mister Plow has contracted to perform snow removal services for the city of Springfield. Record snowfall has more than doubled the time he will spend on the streets and the resources this job will require.
Answers (1)
Windsor Locomotive Corporation purchased for $550,000 a 40% interest in Lopez Railways, Inc. This investment enables Windsor Locomotive to exert significant influence over Lopez Railways.
Answers (1)
New Questions in Business
Which of the following items is not a temporary difference? A. Vacation pay accrued for tax purposes in a prior period is deducted in the current periodB. Tax depreciation for the period exceeds book depreciationC.
Answers (1)
1. Expansion will always come with additional expenses True or False 2. Whether the business owner likes the type of business he or she is in is not important True or False 3. Many Franchises require franchisees to pay royalties True or False 4.
Answers (2)
In all careers, there are both hard skills and (blank) skills that are important for success.
Answers (1)
What is the definition of derived demand? a. consumer demand for a product, stimulated by lack of availability of another product b. demand, due to advertising, for goods and services that are luxuries rather than basic necessities c.
Answers (1)
In a competitive market, no single producer can influence the market price because many other sellers are offering a product that is essentially identical. consumers have more influence over the market price than producers do.
Answers (1)