Chapter 8 - employee costs

Question 1

1. What is standing data?
2. What is variable data?

Answer 1

1. The infomation in the employee cost system that doesn’t change regularly → hourly rates, salary
2. Hours worked or overtime as record on timesheets or clockcards

Question 2

When do tests of controls take place?

Answer 2

Once the auditor believes the controld are likely to be effective