In the audit of payroll, one of the key issues is to ensure that the payroll expense has
been properly recorded and the associated deductions for income tax, employee benefits,
and related liabilities are properly recorded as liabilities.

Question

Quizplus · Accepted Answer

The statement accurately reflects one of the key issues in auditing payroll. The payroll expense needs to be accurately recorded and any associated deductions and liabilities need to be properly accounted for.

In the Audit of Payroll, One of the Key Issues