The presentation and disclosure assertion is audited by:
A) tracing the paychecks to the bank statement.
B) tracing the cash disbursements in the general ledger to the imprest account.
C) tracing the control totals for the payroll register to the general ledger.
D) All of the above.

Question

Quizplus · Accepted Answer

Tracing the control totals for the payroll register to the general ledger ensures that payroll amounts are accurately presented and disclosed in the financial statements.

The Presentation and Disclosure Assertion Is Audited By