To Test the Transaction Assertion of Occurrence in the Area

question 24

Multiple Choice

To test the transaction assertion of occurrence in the area of payroll,the auditor most likely would

• A)Select a sample of personnel files and trace the pay rate to union contracts or other rate rights and obligations.
• B)Select a sample of personnel files and trace the pay rate to payroll department files used in payroll preparation.
• C)Select a sample of payroll register entries and recalculate gross pay,deductions,and net pay.
• D)Select a sample of payroll register entries and vouch hours worked to clock time cards.

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