文档介绍：Chapter18 Audit of the Payroll and Personnel Cycle(审计学-
Audit of the Payroll
and Personnel Cycle
Chapter 18
Learning Objective 1
Identify the accounts and
transactions in the payroll
and personnel cycle.
Accounts 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.
Accounts in the Payroll and Personnel Cycle
Accrued Wages, Salaries,
Bonuses, missions
Payment
Beginning
balance
Earned wages,
salaries, etc.
Ending balance
Direct
Labor
Cash in Bank
Payment for
salaries
Payment for
payroll taxes
Withheld e Taxes
and Other Deductions
Payment
Beginning
balance
Payroll
withholding
Ending balance
Accounts in the Payroll and Personnel Cycle
Cash in Bank
Payment for
salaries
Payment for
payroll taxes
Withheld e Taxes
and Other Deductions
Payment
Beginning
balance
Payroll
withholding
Ending balance
Accrued Payroll
Tax Expense
Payment
Beginning
balance
Payroll
tax expense
Ending balance
Payroll Tax Expense
Accounts in the Payroll and Personnel Cycle
In most systems the accrued wages and
salaries account is used only at the
end of an accounting period.
Learning Objective 2
Describe the business functions
and the related documents an