Question

What are the key assertions at risk in relation to employment cost expenses

Answer 1

1) payroll transaction and eventrs are valid or not

2) all payroll transaqcton and evetns has been recorded

3) all payroll transactions and events are properly authorised

4) payroll transcations and evetns have been properly computed and recorded

5) payroll expense and related accruals are recorded in the correct accounting period

6) all transactions have been recorded in proper accoutns

7) all expense are valid expense and related accruals are valid liablities

8) alll payroll expense and acrcrulas have been recorded

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