The following are several audit procedures used for the audit of payroll.
(a) The auditor watches the employees clocking in for various shifts.
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(c) A sample of employees is selected from payroll registers from various dates during the year. The auditor recalculated gross pay, deductions, and net pay to determine the accuracy of the information on the reports.
(d) A sample of time cards from various payroll dates throughout the year is selected and reviewed for approval by appropriate supervisors.
(e) A sample of payroll registers are selected from various dates during the year. The auditor traces the totals on the payroll registers for gross pay, deductions, and net pay to the corresponding general entries.
(f) Read the minutes of the board of directors meetings to determine if any changes have been made to stock option and stock ownership plans.
REQUIRED: For each procedure listed above indicated the following.
(1) Is the test primarily a test of controls or substantive test of transactions?
(2) What is the primary management assertion being tested by the procedure(indicate only one).
(3) What is the type of evidence gathered in performing the procedure?
Format your answer in the following manner on your answer sheet.
| procedure | Control or Substantive Test | Management Assertion Tested | Type of Evidence |
| (a) |
Use the following list of types of audit evidence in preparing your answer.
| Physical Examination | Mechanical Accuracy |
| Confirmation | Analytical Procedures |
| Documentation | Inquiries of Client |
| Observation |
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