Flagpole Company Limited recently upgraded its accounting software due to changes in the payroll income tax rates.Unfortunately,there was an error in the software,and income tax was calculated incorrectly.The general transaction-related audit objective affected by this error is
A)occurrence.
B)completeness.
C)accuracy.
D)posting and summarization.

Question

Quizplus · Accepted Answer

The error in the software resulted in an incorrect calculation of income tax, impacting the accuracy of the transactions. Therefore, the general transaction-related audit objective affected by this error is accuracy.

Flagpole Company Limited Recently Upgraded Its Accounting Software Due to Changes