Auditing

Efficiency and effectiveness of operations

Controls related to the reliability of financial reporting

Controls over classes of transactions

Auditors are equally concern with each of the given issues

Maintaining personnel records and approving changing in wages rates

Proposing pay roll summary and disbursement of wages

Making salary statements and filing tax returns

Comparing time clock records with time reports prepared by supervisors and preparing list of workers employed along with the units of production for each one of them

Associated companies of the entity

Accounting systems, records and documents

Non-financial data and records

Management representation and discussion

Depreciation charges are insufficient

Policy of sale or disposal of fixed assets needs to be reviewed

The sale of assets have not been properly authorized

Accounting errors