Ch 9: Payroll Audits & Internal Controls

About This Chapter

Enhance your understanding of payroll audits and internal controls using this chapter's helpful learning tools. Fun lessons, multiple-choice quizzes and a practice exam make it easy to study these audits and controls as you prepare for a future test.

Payroll Audits & Internal Controls - Chapter Summary

Study financial audits, problems with financial information, external audits and other topics related to payroll audits and internal controls with help from this short chapter. By reviewing our entertaining lessons, you will be ready to do the following in a short period of time:

  • Define and discuss the procedure and requirements of financial audits
  • List and describe common problems with financial information
  • Share types and examples of internal controls in accounting
  • Explain how to establish financial controls and secure operating funds
  • Discuss the importance of external audits of financial statements
  • Identify and describe types of payroll internal controls

The lessons in this chapter are available around-the-clock, enabling you to study payroll audits and internal controls whenever your schedule permits. Review as few or as many of the lessons as you want, and check your knowledge of these lessons by taking mini quizzes. If you hit a snag or need additional details about specific lesson topics, feel free to send your questions to our experts. Before the day of your test, be sure to assess your comprehension of this chapter by taking our practice exam.

5 Lessons in Chapter 9: Payroll Audits & Internal Controls
Test your knowledge with a 30-question chapter practice test
Financial Audit: Definition, Procedure & Requirements

1. Financial Audit: Definition, Procedure & Requirements

When it comes to protecting an organization's assets, stakeholders are very interested in making sure things are done right. In this lesson, you'll learn about financial audits, including what they are, why they occur, and how they are done.

Typical Problems with Financial Information

2. Typical Problems with Financial Information

The ultimate goal of an accounting professional is to provide accurate and reliable financial information to interested parties. In this lesson, we are going to discuss typical problems with financial information.

Internal Controls in Accounting: Definition, Types & Examples

3. Internal Controls in Accounting: Definition, Types & Examples

Rules and regulations are a part of everything we do. In this lesson, you will learn about internal controls in accounting. You will learn what they are, why they are important and see examples.

Establishing Financial Controls & Securing Operating Funds

4. Establishing Financial Controls & Securing Operating Funds

Financial controls are important to monitor the financial health of companies. In this lesson, we will introduce different financial controls and learn how firms secure operating funding.

External Audits of Financial Statements

5. External Audits of Financial Statements

Financial statements are one of the most heavily relied upon group of reports in the business world, and they must be accurate and reliable. In this lesson, you'll learn about financial statement audits, who performs them, and why they are important.

Chapter Practice Exam
Test your knowledge of this chapter with a 30 question practice chapter exam.
Not Taken
Practice Final Exam
Test your knowledge of the entire course with a 50 question practice final exam.
Not Taken

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