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:

Permissive

Permissive refers to a style of parenting or authority where there are few limitations on behavior, leading to more freedom and self-direction for the individual.

Kohlberg's Moral Reasoning

A developmental theory proposing that an individual's ability to judge right from wrong evolves through a series of stages.

Preconventional

A stage in moral development, according to Kohlberg, where moral reasoning is based on rewards and punishments.

Premature

Occurring or done before the usual or proper time; too early.