The audit of wages

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  1. Identify controls that should be in place to ensure that fictitious employees are not included on the payroll.

  2. List FOUR control objectives of a wages system.

  3. Explain the difference between internal control questions (sometimes referred to as criteria questions) and internal control evaluation questions (sometimes referred to as key questions). Illustrate your answer by identifying TWO examples of wage system ICEs and TWO relevant ICQs for each ICE.

  4. Explain the difference between an error report and an exception report.

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