Multiple Choice
Possible misstatements related to the occurrence assertion for payroll transactions include all of the following except:
A) Payments to fictitious employees.
B) Payments to terminated employees.
C) Payments to valid employees who have not worked.
D) Payments to valid employees at a rate in excess of the authorized amount.
Correct Answer:
Verified
Correct Answer:
Verified
Q15: Which of the following is required of
Q24: In the weekly computer run to prepare
Q41: Effective internal control over the payroll function
Q55: All of the following are incorporated into
Q56: A substantive test of transactions to test
Q57: Effective internal control over unclaimed payroll checks
Q58: A surprise observation by an auditor of
Q59: The purpose of segregating the duties of
Q61: An auditor would consider internal control over
Q62: During the current year being audited, Hitech,