The accuracy of the results of the accounting system (account balances)is heavily dependent upon the
A)knowledge and skills of the auditor.
B)adequacy of the entity-level controls.
C)accuracy of the inputs and processing (the transactions).
D)training provided to the personnel.

Question

Quizplus · Accepted Answer

The accuracy of the account balances in the accounting system is dependent upon the accuracy of the inputs and processing of the transactions. If errors occur during data entry or processing, it can result in inaccurate account balances. Therefore, it is important to have strong controls in place to ensure accurate transactions are input and processed correctly. While the knowledge and skills of the auditor and training of personnel are important factors, they do not have as direct of an impact on the accuracy of the accounting system's results.

The Accuracy of the Results of the Accounting System (Account