'Recorded Payroll Payments Are for Work Actually Performed by Non-Fictitious

question 10

Multiple Choice

'Recorded payroll payments are for work actually performed by non-fictitious employees' is which transaction-related audit objective for payroll?

• A) completeness
• B) authorisation
• C) existence
• D) accuracy

---

Definitions:

Time-series Data

Data points collected or recorded at successive points in time, often used to analyze trends, cycles, or patterns.

Seasonal Variation

Periodic fluctuations in data or phenomena that occur at regular intervals within a year due to seasonal factors.

Cycles

Periods or sequences in a system or process that repeat in a regular pattern, such as the phases of economic growth and decline or the operation of machinery.

Seasonality

Refers to fluctuations in demand or supply of certain products or services that occur regularly at certain times of the year.