________ Is Not a Transaction-Related Audit Objective for the Classes

question 85

Multiple Choice

________ is not a transaction-related audit objective for the classes of transactions underlying the payroll cycle.

• A) Classification
• B) Existence
• C) Timing
• D) Completeness

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Definitions:

Lactate

A compound produced during anaerobic metabolism, often associated with muscle fatigue.

Liver

A large, vital organ in vertebrates responsible for detoxification, producing bile, metabolizing nutrients, and performing other biochemical tasks.

Glucose

A simple sugar that is an important energy source in living organisms, also a critical component of carbohydrate metabolism.

Cori Cycle

Named for Czech-U.S. biochemist and Nobel laureate Carl F. Cori (1896–1984). Lactic acid, produced by skeletal muscle, is carried in the blood to the liver, where it is aerobically converted into glucose. The glucose may return through the blood to skeletal muscle or may be stored as glycogen in the liver.