Transaction assertion of occurrence


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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Accounting Basics: Transaction assertion of occurrence
Reference No:- TGS055908

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