Study unit 16.5

Question 1

What is the occurrence audit procedures for salaries and wages

Answer 1

Attendance of wage payout - before, during and after

Question 2

What is the accuracy audit procedures for salaries and wages

Answer 2

Recalculation and confirmation of

• gross salaries
• deductions
• net salaries

Question 3

What is the completeness audit procedures for salaries and wages

Answer 3

Analytical procedures

• month to month
• prior year
• ratio’s

Question 4

What is the cut-off audit procedures for salaries and wages

Answer 4

Salaries and wages before and after year-end

*supporting documentation

Question 5

What is the classification audit procedures for salaries and wages

Answer 5

Direct vs indirect costs

Correct amount - debit/credit