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An Auditor Traces a Sample of Electronic Time Cards Before

question 97

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An auditor traces a sample of electronic time cards before and after the bi-weekly payroll report and then traces to the payroll master file to determine that payroll transactions are reported in the correct period. The auditor is gathering evidence for which audit objective?


Definitions:

Customers List

A compilation of information on clients who purchase goods or services from a business, often including contact details and purchase history.

QBO

QuickBooks Online, a cloud-based accounting software designed for small and medium-sized businesses.

Future Sales Revenue

The anticipated income a company expects to receive from its future sales activities.

Customer Number

A unique identifier assigned to each customer for the purpose of tracking transactions and accounts in a business's record system.

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