Description
Consider and discuss the specific risks and nature of the company you will be auditing and create comprehensive work programs for the Inventory, Warehousing, and Payroll accounts and cycles.
Submit a 700- to 1,050-word document that includes the following:
- Audit steps for tests of controls, balances, transactions, analytical procedures, etc. as well as other considerations such as sample size and sample methodology.
- A brief summary page should be included in this document, 525 to 700 words, for each of the work programs. Include in this summary specific financial information gleaned from the current Form 10-K used to perform an analysis of work program steps. For example, if the team noted significant swings in the Inventory balance year-over-year, identify these swings and how you address them in your work program (this is in essence an audit procedure - analytical review).
My part is the Payroll accounts and cycles.
https://www.sec.gov/Archives/edgar/data/789019/000... for Microsoft
Explanation & Answer
Attached. Please let me know if you have any questions or need revisions.
Running head: PAYROLL ACCOUNTS AND CYCLES
Payroll Accounts and Cycles
Name of Student
University Affiliation
1
PAYROLL ACCOUNTS AND CYCLES
2
Payroll Accounts and Cycles
Microsoft is a technology corporation. The company continues to change lives for
individuals and businesses by creating innovations that improve experiences or change the way
they carry their activities. The company offers services like software and ad devices, which act
as solutions for different stakeholders worldwide. Since its incorporation in 1975, the company
has grown. The growth is evidenced by the high amount of revenue and the high number of
employees estimated to be around 144,000 in 2019 (Microsoft Corporation 2019 Annual Report).
The growth in the number of employees can be a risk for the organization if proper controls are
not observed when creating the payroll.
The examination of Microsoft's payroll accounts from Form 10-K revealed that the
number of employees shot...
