Which of the Following Internal Control Objectives Is Likely to Be

question 6

Multiple Choice

Which of the following internal control objectives is likely to be a larger concern in the audit of the payroll cycle?

• A)Payroll transactions are properly disclosed.
• B)Recorded payroll transactions are valid.
• C)Payroll transactions are recorded in the appropriate time period.
• D)All payroll transactions have been recorded.

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Definitions:

Analyzing Customer Behavior

The process of examining and understanding how customers interact with products or services to improve business strategies and consumer experiences.

Business Intelligence

A broad category of applications, technologies, and processes for gathering, storing, accessing, and analyzing data to help business users make more informed decisions.

CRM Systems

Software applications designed to help organizations manage their customer data, support sales management, and facilitate customer interaction, enhancing customer satisfaction and retention.

External Vendor

A third-party entity that provides goods or services to another organization under terms specified in a contract.