审计学（英文）_17 APPLICATION OF THE AUDIT PROCESS TO OTHER CYCLES

PARTIV Chapters 17-22 APPLICATION OF THE AUDIT PROCESS TO OTHER CYCLES Pens, Logbbecke; Imiting, 3/ @2000 Premie lall Ine

Arens, Loebbecke; Auditing, 8/E ©2000 Prentice Hall, Inc. PART IV Chapters 17-22 APPLICATION OF THE AUDIT PROCESS TO OTHER CYCLES

AUDIT OF THE PAYROLL AND PERSONNEL CYCLE 动们 “ Simply Follow Orders y The staff Auditor must nevel Loebbecke, Auditing, 8/E 2000 Prentice Hall. In

Arens, Loebbecke; Auditing, 8/E ©2000 Prentice Hall, Inc. AUDIT OF THE PAYROLL AND PERSONNEL CYCLE The Staff Auditor Must Never “Simply Follow Orders

ACCOUNTS AND TRANSACTIONS IN THE PAYROLL AND PERSONNEL CYCLE The overall objective in the audit of the payroll and personnel cycle is to evaluate whether the account balances affected by the cycle are fairly stated in accordance with generally accepted accounting principles. Arens, Loebbecke, Auditing, 8/E 2000 Prentice Hall. In

Arens, Loebbecke; Auditing, 8/E ©2000 Prentice Hall, Inc. ACCOUNTS AND TRANSACTIONS IN THE PAYROLL AND PERSONNEL CYCLE The overall objective in the audit of the payroll and personnel cycle is to evaluate whether the account balances affected by the cycle are fairly stated in accordance with generally accepted accounting principles

BUSINESS FUNCTIONS IN THE CYCLE AND RELATED DOCUMENTS AND RECORDS The payroll and personnel cycle begins with the hiring of personnel and ends with payment to the employees for the services performed and to the government and other institutions for the withheld and accrued payroll taxes and benefits. Loebbecke, Auditing, 8/E @2000 Prentice Hall.Inc

Arens, Loebbecke; Auditing, 8/E ©2000 Prentice Hall, Inc. BUSINESS FUNCTIONS IN THE CYCLE AND RELATED DOCUMENTS AND RECORDS The payroll and personnel cycle begins with the hiring of personnel and ends with payment to the employees for the services performed and to the government and other institutions for the withheld and accrued payroll taxes and benefits

IPerson Employinent ° Personnel records Deduction Authorization form Rate Authorization form Loebbecke, Auditing, 8/E 2000 Prentice Hall. In

Arens, Loebbecke; Auditing, 8/E ©2000 Prentice Hall, Inc. • Personnel Records • Deduction Authorization Form • Rate Authorization Form

FIGURE17-1 Accounts in the payroll and personnel cycle and commissions Payment Cash in bank Earned wages, salaries, etc. Direct labor Payment for Ending balance salaries Payment for payroll taxes Withheld income taxes and other deductions Payment Payroll withholding Separate operating accounts for payroll also normally include Ending balance officers' salaries and bonuses office salaries sales salaries and commissions. and indirect manu- Accrued payroll facturing labor. These accounts tax expense have the same relationship to Beginning balance accrued wages and withheld Payment taxes and other deductions Payroll tax expense Payroll tax that is shown for direct labor Ending balance ense Loebbecke, Auditing, 8/E 2000 Prentice Hall. In

Arens, Loebbecke; Auditing, 8/E ©2000 Prentice Hall, Inc. Accounts in the Payroll and Personnel Cycle FIGURE 17 - 1 *Separate operating accounts for payroll also normally include officers’ salaries and bonuses, office salaries, sales salaries and commissions, and indirect manu￾facturing labor. These accounts have the same relationship to accrued wages and withheld taxes and other deductions that is shown for direct labor

did Time Card Job Time Ticket ummary Payroll report Payroll Journal ayroll Master File Loebbecke, Auditing, 8/E 2000 Prentice Hall. In

Arens, Loebbecke; Auditing, 8/E ©2000 Prentice Hall, Inc. Time Card Job Time Ticket Summary Payroll Report Payroll Journal Payroll Master File

mentof payroll Payroll check Payroll Bank Account Reconciliation Arens, Loebbecke, Auditing, 8/E 2000 Prentice Hall. In

Arens, Loebbecke; Auditing, 8/E ©2000 Prentice Hall, Inc. Payroll Check Payroll Bank Account Reconciliation

Preparation of Payroll Tax returns and Payment of Taxes orm Payroll Tax returns Loebbecke, Auditing, 8/E 2000 Prentice Hall. In

Arens, Loebbecke; Auditing, 8/E ©2000 Prentice Hall, Inc. Preparation of Payroll Tax Returns and Payment of Taxes W - 2 Form Payroll Tax Returns

FIGURE 17-2 Understand internal payroll and personnel Methodology for Designing Tests of Assess planned Controls and ontrol risk Substantive tests of payroll and personnel Transactions for the Payroll and personnel Evaluate cost-benefit Cvcle g controls Design tests of controls Audit procedures and substantive tests of transactions for Sample size payroll and personnel Items to select to meet transaction- Loebbecke, Auditing, 8/E related audit objectives TimIng

Arens, Loebbecke; Auditing, 8/E ©2000 Prentice Hall, Inc. FIGURE 17 - 2 Methodology for Designing Tests of Controls and Substantive Tests of Transactions for the Payroll and Personnel Cycle