Multiple Choice
The use of the computer to compare production hours to direct labor hours on daily production reports relates to the:
A) valuation or allocation assertion.
B) completeness assertion.
C) rights and obligations assertion.
D) existence or occurrence assertion.
E) presentation or disclosure assertion.
Correct Answer:

Verified
Correct Answer:
Verified
Q61: A common form of employee compensation for
Q62: <b>Payroll functions</b> include all of the following
Q63: The request for a change in job
Q64: When the weekly payroll edit run rejects
Q65: It is customary to identify the major
Q67: The<b> production cycle</b> interfaces with the expenditure,
Q68: The specific audit objective "factory labor is
Q69: In automated systems, payroll is frequently processed
Q70: Place an "X" in the applicable column
Q71: List, by assertion category, the specific audit