Possible Misstatements Related to the Occurrence Assertion for Payroll Transactions

question 8

Multiple Choice

Possible misstatements related to the occurrence assertion for payroll transactions include all of the following except:

• A)payments to fictitious employees.
• B)payments to terminated employees.
• C)payments to valid employees who have not worked.
• D)payments to valid employees at a rate in excess of the authorised amount.

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Definitions:

Workforce

The total number of people engaged in or available for work, either in a specific region, industry, or company.

Address Issue

The act of identifying, confronting, and finding a resolution for problems or challenges.

Artificial Intelligence

Describes the simulation of human intelligence processes by machines, especially computer systems, encompassing learning, reasoning, and self-correction.

Decision Making

A process of selecting the best solution from multiple alternatives to solve problems or achieve objectives.