'Recorded payroll transactions are for the amount of time actually worked and at the proper pay rate; withholdings are properly calculated' relates to which transaction- related audit objective for payroll?
A) Accuracy
B) Existence
C) Authorisation
D) Completeness

Question

Quizplus · Accepted Answer

The audit objective of accuracy is to ensure that transactions have been recorded accurately. This includes ensuring that payroll transactions are recorded for the correct amount of time worked and at the appropriate pay rates. It also includes verifying that any withholdings are properly calculated.

'Recorded Payroll Transactions Are for the Amount of Time Actually