The primary concern in testing payroll-related liabilities is to make sure that
A) accruals are properly valued.
B) transactions are recorded in the proper period.
C) there are no understated or omitted accruals.
D) the accruals are not overstated.

Question

Quizplus · Accepted Answer

The primary concern is to ensure that all payroll-related liabilities are fully accounted for and not understated or omitted, as this could lead to financial misstatements.

The Primary Concern in Testing Payroll-Related Liabilities Is to Make