'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) existence
B) authorisation
C) accuracy
D) completeness

Question

Quizplus · Accepted Answer

The audit objective of accuracy requires that recorded transactions are for the correct amount and at the correct rates. This includes ensuring that payroll calculations are correct and that withholdings are properly calculated.

'Recorded Payroll Transactions Are for the Amount of Time Actually