A common audit procedure in the audit of payroll transactions involves tracing se- lected items from the payroll journal to employee time records that have been ap- proved by supervisory personnel. This procedure is designed to provide evidence in support of the audit proposition that:all employees worked the number of hours for which their pay was computed.
The following questions concern audit testing of the payroll and personnel cycle. Choose the best response. a. A common audit procedure in the audit of payroll transactions involves tracing se- lected items from the payroll journal to employee time records that have been ap- proved by supervisory personnel. This procedure is designed to provide evidence […]