1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
EleoNora [17]
1 year ago
5

When a company uses a service organization to prepare its payroll, the company's auditors?

Business
1 answer:
Andreyy891 year ago
6 0

When a company uses a service organization to prepare its payroll, the company's auditors need to understand the internal controls over the transaction regardless of the location of the control.

<h3>What is meant by payroll?</h3>

A payroll is a list of the employees of a company who are eligible for payments and other work perks, as well as the amounts that each person is supposed to receive.

Payroll is the process of paying employees of a business, which includes keeping track of hours worked, figuring out salaries, and sending checks or direct deposits to employees' bank accounts.

A Payroll Specialist with 2-3 years of work experience can earn an average income of up to 7 lakh per year. In addition, you may be eligible for a bonus between INR 30,000 and INR 40,000, based on your performance and work history.

Regardless of where the control is placed, the internal controls over the transaction must be understood by the company's auditors when the firm contracts a service provider to produce its payroll.

To learn more about payroll refer to:

brainly.com/question/1445562

#SPJ4

You might be interested in
Labor unions arose largely in response to the _____. goal of many firms to hire and retain the most highly skilled workers dange
worty [1.4K]

Dangerous working conditions and long hours of factory jobs in the 1800s

4 0
3 years ago
Read 2 more answers
Jamie is analyzing the estimated net present value of a project under various conditions by revising the sales quantity, sales p
Brut [27]

Answer:

C. Scenario Analysis

Explanation:

Scenario Analysis is analysis of computing the Net Present Value by changing various variables, that is change in values of Sales, Variable Cost, Revenue, Cost of project and various other things. Basically it measures the Net Present Value with respect to various factors associated with calculating the net present value, as Jamie is calculating Net Present Value with different factors, that is in different scenarios, it is called Scenario Analysis.

8 0
3 years ago
A product is scarce when what happens?
blondinia [14]
D. Demand is greater than supply
8 0
3 years ago
Read 2 more answers
evaluate whether locating closer to raw materials is the most important factor when locating a business. if not what other facto
lutik1710 [3]

Answer:

The nature of the major raw material requires to produce the product of the business determines the level of importance attached to locating a business closer to raw materials.

Explanation:

The level of importance attached to locating a business closer to raw materials depends on the nature of the major raw material requires to produce the product of the business.

When the major raw material requires to produce the product of the business is a heavy raw material that cannot be easily transported, locating the business closer to the raw material will be the most important factor.

However, when the major raw material requires to produce the product of the business can be easily be transported, locating the business closer to raw materials will NOT be the most important factor. In this case, some of the other important factors to consider will include proximity to markets; availability of labour; water supply; availability of power, fuel or gas; waste products disposal facility and among others.

6 0
3 years ago
Calls arrive at Lynn Ann​ Fish's hotel switchboard at a rate of 2.5 per minute. The average time to handle each is 20 seconds. T
defon

Answer:

50

Explanation:

8 0
3 years ago
Other questions:
  • A "false positive," in which an effect is detected when, in reality, there is none, is an example of__________.
    11·1 answer
  • The Winston Company estimates that the factory overhead for the following year will be $1,250,000. The company has decided that
    14·1 answer
  • Peggy andrews has a charge account at davis jewelers, which uses the unpaid-balance method of computing finance charges. the per
    7·1 answer
  • Describe the symbolism in the cartoon.<br> Explain what is the author’s message.
    15·1 answer
  • If the number of unemployed workers is 19 million, the number in the working-age population is 2) 500 million, and the unemploym
    12·1 answer
  • Effie company uses a periodic inventory system. details for the inventory account for the month of january, 2013 are as follows:
    8·1 answer
  • When one party breaches a contract, the other party can choose from one or more of several_____________ . Generally, a court wil
    6·1 answer
  • A canned soup manufacturer has prepared questionnaires for its employees and customers. The questions are about how the people v
    7·1 answer
  • Spark Company's static budget is based on a planned activity level of 45,000 units. At the same time the static budget was prepa
    11·1 answer
  • You are the owner of a smoothie shop in California. Afterhearing a podcast about customer relationship management (CRM), youdeci
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!