Explain the percentage of total audit time


Response to the following problem:

Explain why the percentage of total audit time in the cycle devoted to performing tests of controls and substantive tests of transactions is usually far greater for the payroll and personnel cycle than for the sales and collection cycle.

If possible, please give example to better understand your response.

Solution Preview :

Prepared by a verified Expert
Auditing: Explain the percentage of total audit time
Reference No:- TGS02127428

Now Priced at $20 (50% Discount)

Recommended (96%)

Rated (4.8/5)