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Which of the following is a major balance-related audit objective in testing payroll liabilities?
becky28
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Which of the following is a major balance-related audit objective in testing payroll liabilities?
Which of the following is a major balance-related audit objective in testing payroll liabilities?
▸ Payroll tax expense is properly recorded.
▸ Transactions in the payroll and personnel cycle are recorded in the proper period.
▸ Accrual of salaries is the same as the amounts paid on the payroll tax returns.
▸ Time records are recorded by supervisors.
Textbook
Auditing and Assurance Services
Edition:
17
th
Authors:
Arens, Elder, Beasley, Hogan
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Transactions in the payroll and personnel cycle are recorded in the proper period.
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becky28
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Thank you, thank you, thank you!
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