Accounting software starts with the population of payroll disbursements and develops a one-for-one match with underlying approved hours worked.A report is generated each pay period disclosing any payroll that is not supported by hours worked.The employee number is also compared with the approved master payroll file.A report is generated listing any transactions that are not supported by underlying documents or files.This is a description of a control over which of the following assertions for the payroll process?
A)Accuracy of payroll
B)Completeness of payroll
C)Occurrence of payroll
D)Completeness of payroll payables

Question

Quizplus · Accepted Answer

The control described ensures that each payroll disbursement is matched with approved hours worked and employee numbers are verified, which supports the occurrence assertion by confirming that payroll transactions actually occurred and are valid.

Accounting Software Starts with the Population of Payroll Disbursements and Develops