Final answer:
The statement is false; recomputing hours worked from time cards is an audit procedure related to testing the accuracy, not the completeness, of the payroll in an audit.
Step-by-step explanation:
False. The audit procedure "recompute hours worked from time cards" is typically associated with testing the accuracy of the payroll, not the completeness objective.
When auditors test the completeness objective in a payroll audit, they are primarily concerned with ensuring that all hours worked by employees are captured and processed. This might involve procedures such as matching processed payroll data to time reports or attendance records, looking for unrecorded hours, and verifying that all employees who should be included in the payroll are indeed included.
In contrast, recomputing hours worked from time cards is a substantive procedure used to test the accuracy of the hours that have been recorded and subsequently paid. The auditor's goal in this case is to ensure that the hours worked, as reflected on the payroll register, are correctly calculated from the time cards and that the employees' pay is correspondingly accurate.