3. John is auditing a company'sprofessional expenses over athree-year period. Which of thefollowing characteristics wouldmake the data less reliable?A. Data are produced under asystem of effective internalcontrolsB. Data are unstructuredC. Data are in general ledgerformatD. Data are controlled by theaccounting department

The auditing is very important part of accounting of the firms and it is quite necessary to have…

Answered: John is auditing a company's…

John is auditing a company's professional expenses over a three-year period. Which of the following characteristics would

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Concept explainers

Audit Procedures

Audit Procedures are methods and techniques performed by the auditor to determine the quality of financial information of clients, thereby expressing an opinion on true & fair view of financial statements and entity position. They are identified and applied at the planning stage of audit after determining audit objectives, scope, approach, and risk assessment.

Question

John is auditing a company's
professional expenses over a
three-year period. Which of the
following characteristics would
make the data less reliable?
A. Data are produced under a
system of effective internal
controls
B. Data are unstructured
C. Data are in general ledger
format
D. Data are controlled by the
accounting department

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