13, a company has recently outsourced its payroll process to a third-party service provider. an audit team was scheduled to audit payroll controls in the annual audit plan prepared prior to the outsourcing. what action should the audit tram take, considering the outsourcing decision?

Question

Hillary Daniel

Business

7 December, 03:53

13, a company has recently outsourced its payroll process to a third-party service provider. an audit team was scheduled to audit payroll controls in the annual audit plan prepared prior to the outsourcing. what action should the audit tram take, considering the outsourcing decision?

+1

Answers (1)

Know the Answer?

Grant Haney · Answer 1

As the outsourcing decision is not in the audit term therefore the audit team is not needed to take it into consideration. Audit team is required to work for those matters which are in the term for which it is hired. Notes can be mentioned that outsourcing is used in the next term.