Which of the Following Internal Control Objectives Is Likely to Be

Multiple Choice

Which of the following internal control objectives is likely to be the most important in the audit of the payroll cycle?

A) Payroll transactions are properly disclosed and presented in the notes to the financial statements.
B) Payroll transactions are processed by an outside service provider.
C) Recorded transactions represent valid payments.
D) Recorded transactions are recorded in the proper accounting period.