An auditor traces a sample of electronic time cards before and after the bi-weekly payroll report and then traces to the payroll master file to determine that payroll transactions are reported in the correct period.The auditor is gathering evidence for which audit objective?
A)Completeness
B)Existence
C)Cut-off
D)Accuracy

Question

Quizplus · Accepted Answer

The auditor is tracing electronic time cards before and after the bi-weekly payroll report and then tracing to the payroll master file to ensure that payroll transactions are reported in the correct period. This is done to gather evidence for the audit objective of cut-off, which ensures that transactions are recorded in the correct time period.

An Auditor Traces a Sample of Electronic Time Cards Before