对工资单和人员周期的审计Audit of the Payroll and Personnel Cycle.pptx

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AuditofthePayrollandPersonnelCycleChapter17 AccountsandTransactionsinthePayrollandPersonnelCycleTheoverallobjectiveintheauditofthepayrollandpersonnelcycleistoevaluatewhethertheaccountbalancesaffectedbythecyclearefairlystatedinaccordancewithgenerallyacceptedaccountingprinciples. AccountsandTransactionsinthePayrollandPersonnelCycleAccruedWages,Salaries,Bonuses,andCommissionsPaymentBeginningbalanceEarnedwages,salaries,etc.EndingbalanceCashinBankPaymentforsalariesPaymentforpayrolltaxesDirectLaborWithheldIncomeTaxesandOtherDeductionsPaymentBeginningbalancePayrollwithholdingEndingbalance AccountsandTransactionsinthePayrollandPersonnelCycleWithheldIncomeTaxesandOtherDeductionsPaymentBeginningbalancePayrollwithholdingEndingbalanceAccruedPayrollTaxExpensePaymentBeginningbalancePayrolltaxexpenseEndingbalanceCashinBankPaymentforsalariesPaymentforpayrolltaxesPayrollTaxExpense AccountsandTransactionsinthePayrollandPersonnelCycleSeparateoperatingaccountsforpayrollalsonormallyincludeofficers’salariesandbonuses,officesalaries,salessalariesandcommissions,andindirectmanufacturinglabor. AccountsandTransactionsinthePayrollandPersonnelCycleTheseaccountshavethesamerelationshiptoaccruedwagesandwithheldtaxesandotherdeductionsthatisshownfordirectlabor. BusinessFunctionsintheCycleandRelatedDocumentsandRecordsThepayrollandpersonnelcyclebeginswiththehiringofpersonnelandendswithpaymenttotheemployeesfortheservicesperformedandtothegovernmentandotherinstitutionsforthewithheldandaccruedpayrolltaxesandbenefits. PersonnelandEmploymentPersonnelrecordsDeductionauthorizationformRateauthorizationform TimekeepingandPayrollPreparationTimeCardJobTimeTicketPayrollTransactionFilePayrollJournalPayrollMasterFile PaymentofPayrollPayrollcheckPayrollbankaccountreconciliation PreparationofPayrollTaxReturnsandPaymentofTaxesW-2FormPayrollTaxReturns MethodologyforDesigningTestsofBalances–AccountsReceivableUnderstandinternalcontrol–payrollandpersonnel.Assessplannedcontrolrisk–payrollandpersonnel.Evaluatecost-benefitoftestingcontrols. MethodologyforDesigningTestsofBalances–AccountsReceivableDesigntestsofdetailsofcontrolsandsubstantivetestsoftransactionsforpayrollandpersonneltomeettransaction-relatedauditobjectives.AuditproceduresSamplesizeItemstoselectTiming UnderstandInternalControl–PayrollandPersonnelCycleAdequateseparationofdutiesProperauthorizationAdequatedocumentsandrecordsPhysicalcontroloverassetsandrecordsIndependentchecksonperformance SegregationofDutiesHiring,firing,rateandbenefitchanges–HRAuthorizationoftimeworked-supervisorProcessingofpayrollchecksCustodyofchecksanddistributionBankreconciliation ControlActivitiesSeparatepersonnelfrompayrollprocessing,-(can’thireorchangerates)Controlsovercheckdistributionsforfictitiousemployeesorpaidafterterminated.DoubleendorsementssignofpossiblefraudReviewofpayrolldistributionreportsCorrecthours,rates,employees,jobcodesRestrictedaccesstoblankchecks PayrollTaxFormsandPaymentsPaymentofthepayrolltaxeswithheldandotherwithholdingsonatimelybasisPreparationofpayrolltaxforms InventoryandFraudulentPayrollConsiderationsRelationshipbetweenpayrollandinventoryvaluationTestsfornonexistentpayroll MethodologyforDesigningTestsofBalances–AccountsReceivableIdentifyclientbusinessrisksaffectingpayrollliabilityaccounts.Settolerablemisstatementandassessinherentriskforpayrollliabilityaccounts.Assesscontrolriskforthepayrollandpersonnelcycle. MethodologyforDesigningTestsofBalances–AccountsReceivableDesignandperformtestsofcontrolsandsubstantivetestsoftransactionsforthepayrollandpersonnelcycle.Designandperformanalyticalproceduresforthepayrollandpersonnelcycle. MethodologyforDesigningTestsofBalances–AccountsReceivableDesigntestsofdetailsofpayrollaccountsbalancestosatisfybalance-relatedauditobjectives.AuditproceduresSamplesizeItemstoselectTiming AnalyticalProceduresforthePayrollandPersonnelCycleAnalyticalProcedurePossibleMisstatementComparepayrollexpenseMisstatementofpayrollaccountbalancewithexpenseaccountspreviousyears.ComparedirectlaborasaMisstatementofdirectpercentageofsaleswithlaborandinventorypreviousyears.ComparecommissionMisstatementofexpenseasapercentageofcommissionexpenseandsaleswithpreviousyears.commissionliability AnalyticalProceduresforthePayrollandPersonnelCycleAnalyticalProcedurePossibleMisstatementComparepayrolltaxexpenseMisstatementofpayrollasapercentageofsalariesandtaxexpenseandpayrollwageswithpreviousyears.taxliabilityCompareaccruedpayrolltaxMisstatementofaccruedaccountswithpreviousyears.payrolltaxesandpayrolltaxexpense TestsofDetailsofBalancesforLiabilityAccountsAmountswithheldfromemployees’payAccruedsalariesandwagesAccruedcommissionsAccruedbonusesAccruedvacationpay,sickpay,orotherbenefitsAccruedpayrolltaxes TestsofDetailsofBalancesforExpenseAccountsOfficers’compensationCommissionsPayrolltaxexpenseTotalpayrollContractlabor TypesofAuditTestsforthePayrollandPersonnelCycleCashinBankPayrollLiabilitiesDirectLaborandPayrollExpensesPaymentsExpensesEndingbalanceEndingbalanceTOC+STOT+AP+TDP=SufficientcompetentevidenceperGAASAuditedbyTOC,STOT,andAPAuditedbyAPandTDPAuditedbyTOC,STOT,andAPAuditedbyAPandTDP EndofChapter17