Multiple Choice
The existence assertion is audited by:
A) tracing transactions from the payroll master file to the payroll register.
B) tracing transactions from the payroll register to the source documents.
C) tracing transactions from the bank statement to the general ledger.
D) Answers A & B only.
Correct Answer:
Verified
Correct Answer:
Verified
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Q9: List appropriate steps and documents that an
Q10: Input and submission controls required of the
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Q16: Tracing the amounts used to calculate payroll
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