'Recorded payroll payments are for work actually performed by non-fictitious employees' is which transaction-related audit objective for payroll?
A) completeness
B) authorisation
C) existence
D) accuracy

Question

Quizplus · Accepted Answer

The transaction-related audit objective for payroll that focuses on ensuring that recorded payroll payments are for work actually performed by non-fictitious employees is existence. This means that the auditor is verifying that the payroll expenses actually exist and are valid, and that the employees listed on the payroll are real and have actually performed the work for which they are being paid.

'Recorded Payroll Payments Are for Work Actually Performed by Non-Fictitious