Which of the Following Is a Major Balance-Related Audit Objective

question 130

Multiple Choice

Which of the following is a major balance-related audit objective in testing payroll liabilities?

• A) Payroll tax expense is properly recorded.
• B) Transactions in the payroll and personnel cycle are recorded in the proper period.
• C) Accrual of salaries is the same as the amounts paid on the payroll tax returns.
• D) Time records are recorded by supervisors.

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Definitions:

Positive Symptoms

Symptoms of a disorder that are present and observed, typically referring to psychosis, such as hallucinations or delusions.

Schizophrenia

A long-term mental disorder involving a breakdown in the relation between thought, emotion, and behavior, leading to faulty perception and withdrawal from reality.

Behavioural Excesses

Actions or behaviors that occur too frequently or intensely, often indicating an imbalance or disorder.

Delusion

A false belief or judgment about external reality, held with conviction despite evidence to the contrary.