Which of the Following Internal Control Objectives Is Likely to Be

question 77

Multiple Choice

Which of the following internal control objectives is likely to be the most important in the audit of the payroll cycle?

• A)Payroll transactions are properly disclosed and presented in the notes to the financial statements.
• B)Payroll transactions are processed by an outside service provider.
• C)Recorded transactions represent valid payments.
• D)Recorded transactions are recorded in the proper accounting period.

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Definitions:

Communication

The process of exchanging information, ideas, thoughts, feelings, and messages through spoken or written words, visual symbols, or nonverbal cues.

Cultural Studies

Refer to popular interdisciplinary areas of research. In research on the mass media, these studies focus not just on the cultural meanings producers try to transmit but also on the way audiences filter and interpret mass media messages in the context of their own interests, experiences, and values.

Participant Observation

A qualitative research method in which the researcher immerses themselves into a community or group to observe and participate in their activities, gathering data from inside the group.

Research Techniques

Various methods and strategies used in conducting investigations to gather, analyze, and interpret data across different scientific and academic disciplines.