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Wages Substantive Audit Procedures

Forums › ACCA Forums › ACCA AA Audit and Assurance Forums › Wages Substantive Audit Procedures

  • This topic has 2 replies, 2 voices, and was last updated 12 years ago by nicksing.
Viewing 3 posts - 1 through 3 (of 3 total)
  • Author
    Posts
  • December 3, 2013 at 5:46 am #149371
    nicksing
    Participant
    • Topics: 2
    • Replies: 2
    • ☆

    Hi,

    With regard to examiner’s answer to Q1(b) Payroll Substantive Procedures: Cast a sample of payroll records to confirm completeness and accuracy of payroll expense.

    I am confused as to how the procedure is performed. How will adding a sample of payroll records (for example Jan, Mar, Jun) be able to confirm the completeness and accuracy? Why use a sample instead of just adding up the payrolls record for the 12 months? Please help, I’m confused. Thanks

    December 3, 2013 at 2:11 pm #149711
    warren92
    Member
    • Topics: 4
    • Replies: 46
    • ☆☆

    I don’t know which Examiner’s answer you are talking about, & cannot understand your question. By you may find this article helpful for audit of wages.

    https://www.accaglobal.com/en/student/acca-qual-student-journey/qual-resource/acca-qualification/f8/technical-articles/the-audit-of-wages.html

    December 3, 2013 at 3:12 pm #149739
    nicksing
    Participant
    • Topics: 2
    • Replies: 2
    • ☆

    Thanks for the link.

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    Posts
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