In auditing accounting data,the concern is with
A)evaluating whether recorded information reasonably reflects the economic events that occurred during the accounting period within specified dollar ranges.
B)determining if fraud has occurred.
C)determining if taxable income has been calculated correctly.
D)analyzing the financial information to be sure that it complies with government requirements.

Question

Quizplus · Accepted Answer

Auditing accounting data involves evaluating whether recorded information reasonably reflects the economic events that occurred during the accounting period within specified dollar ranges. This includes verifying the existence of transactions, completeness of information, and accuracy of financial statements. While fraud detection and tax compliance are important aspects of auditing, they are not the primary concern in auditing accounting data.

In Auditing Accounting Data,the Concern Is with