Which of the following substantive tests of payroll transactions does not relate to the accuracy assertion?
A) reconciling the accrued payroll balance to the amount in the payroll ledger for the corresponding balance
B) testing the postings of totals in the payroll ledger to the general ledger
C) testing the extensions of wage rates times the hours worked
D) comparing the hours paid with the record of hours worked
Correct Answer:
Verified
Q23: The accuracy of cost of sales and
Q24: Substantive tests of costs and expenses that
Q25: The key audit assertions when auditing cost
Q26: The two important types of transactions that
Q27: Comparing supplier/creditor invoices to the initial record
Q29: A simple way of testing which period
Q30: The audit objective that costs and expenses
Q31: Bad debts expense is ordinarily tested as
Q32: Which assertion is generally not significant for
Q33: Testing the postings of the sales ledger
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