To test the transaction assertion of occurrence in the area, Ask an Expert

Accounting

To test the transaction assertion of occurrence in the area of payroll, the auditor most likely would

A. Select a sample of personnel files and trace the pay rate to union contracts or other rate rights and obligations.

B. Select a sample of personnel files and trace the pay rate to payroll department files used in payroll preparation.

C. Select a sample of payroll register entries and refind out gross pay, deductions, and net pay.

D. Select a sample of payroll register entries and vouch hours worked to clock time cards.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M955908

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