Which of the following internal control tests would assist in satisfying the occurrence transaction-related audit objective for payroll?
A)examining payroll records for evidence of approval
B)proving the payroll bank reconciliation
C)reviewing the chart of accounts
D)accounting for a sequence of payroll cheques

Question

Quizplus · Accepted Answer

Examining payroll records for evidence of approval would help in verifying that payroll transactions actually occurred and were properly authorized. This test would assist with satisfying the occurrence transaction-related audit objective for payroll. Proving the payroll bank reconciliation, reviewing the chart of accounts, and accounting for a sequence of payroll cheques do not directly relate to the occurrence transaction-related audit objective for payroll.

Which of the Following Internal Control Tests Would Assist in Satisfying