Which of the following is an underlying condition that in part creates the demand by users for reliable information? a. All of these. b. Decisions that are time-sensitive. c. Economic transactions that are numerous and complex. d. Financial decisions that are important to investors and users. e. Users separated from accounting records by distance and time.

Auditing: A Risk Based-Approach (MindTap Course List)
11th Edition
ISBN:9781337619455
Author:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg
Publisher:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg
Chapter3: Internal Control Over Financial Reporting: Responsibilities Of Management And The External Auditor
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Which of the following is an underlying condition that in part creates the
demand by users for reliable information?
a. All of these.
b. Decisions that are time-sensitive.
c. Economic transactions that are numerous and complex.
d. Financial decisions that are important to investors and users.
e. Users separated from accounting records by distance and time.
Transcribed Image Text:Which of the following is an underlying condition that in part creates the demand by users for reliable information? a. All of these. b. Decisions that are time-sensitive. c. Economic transactions that are numerous and complex. d. Financial decisions that are important to investors and users. e. Users separated from accounting records by distance and time.
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