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]
2 years ago
5

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

Business
1 answer:
Andreyy892 years 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
If the price of imports rose, caused by a change in the value
Alenkasestr [34]
D is the answer to your question
7 0
3 years ago
Which of the following statements is​ correct?
vladimir2022 [97]

Answer:

C. Governments have a difficult time​ fine-tuning the economy by using fiscal policy because there are several time lags and these are often variable.

Explanation:

Fiscal policy includes two important tools, one is taxation and the other is government spending, the balance of which is essential for the sustainable economy, however the collection of expected tax and the nature of spending (also include the priorities) takes time and certain variable factors e.g. economic growth (GDP), employment, inflation, etc makes it difficult for the government to fine tune the economy.

8 0
3 years ago
Under an acceptable method of costing by-products, inventory costs of the by- product are based on the portion of the joint prod
saw5 [17]

Answer:

b. plus any subsequent processing cost.

Explanation:

In the case of the acceptable costing method for by-products the inventory cost that are depend upon the joint cost should be distribution to the by-product plus if there is any processing cost

that means

Inventory cost of the bu-product = joint cost + processing cost

Therefore the same should be considered

5 0
3 years ago
How can you solve circle geometry in a simple way​
lisabon 2012 [21]

Answer: by using the formula A=pi(3.14) R(radius) squared

Explanation:

Hope that helped

8 0
3 years ago
Read 2 more answers
The objective of a statistical process control​ (SPC) system is to A. provide a statistical signal when natural causes of variat
marysya [2.9K]

Answer:

D. provide a statistical signal when assignable causes of variation are present

Explanation:

The objective of a statistical process control​ (SPC) system is to provide a statistical signal when assignable causes of variation are present

7 0
3 years ago
Other questions:
  • On January 1 of the current reporting year, Coda Company's projected benefit obligation was $29.4 million. During the year, pens
    14·1 answer
  • Look at the circular flow diagram. Choose and define an environmental issue. Using the diagram as a guide, explain how the envir
    8·1 answer
  • Select the correct answers from the drop-down menus,
    8·1 answer
  • Of the​ $840 billion American Recovery and Reinvestment Act stimulus package which was enacted in​ 2009, approximately one-third
    12·1 answer
  • "Although experience and expertise are important in the hiring decision, many employers are looking at other attributes to decid
    10·1 answer
  • Laser Delivery Services, Inc. (LDS), was incorporated January 1. The following transactions occurred during the year:________. A
    12·1 answer
  • Carol maintains an office in her home where she conducts a dressmaking business. During the year she collects $4,000 from sales,
    15·1 answer
  • Bank Reconciliation On July 31, Sullivan Company's Cash in Bank account had a balance of $9,381.58. On that date, the bank state
    11·1 answer
  • What is not a service business?
    13·1 answer
  • Why are 4 of 1K plants not working for all Americans
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!