Classify the payroll transactions


Response to the following questions:.

1. What are the key authorization points in a payroll system?

2. Why is it important for the entity to establish control activities over the classification of payroll transactions?

3. What is an example of a test of control or substantive test of transactions that can be performed using CAATs for payroll transactions?

If possible, please give examples to better understand your answers.

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Auditing: Classify the payroll transactions
Reference No:- TGS02114713

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