Which one of the following statements does not describe verifiability?
A) Verifiability provides users with assurance that information is faithfully presented and reports the economic phenomena it purports to represent.
B) Verifiable iinformation is complete, neutral and free from error.
C) The accuracy of information can be verified by observation or re-calculation.
D) External auditors will undertake testing to prove to themselves that the information presented is accurate in all major respects.

Question

Quizplus · Accepted Answer

The Answer of Which one of the following statements does not describe verifiability?
A) Verifiability provides users with assurance that information is faithfully presented and reports the economic phenomena it purports to represent.
B) Verifiable iinformation is complete, neutral and free from error.
C) The accuracy of information can be verified by observation or re-calculation.
D) External auditors will undertake testing to prove to themselves that the information presented is accurate in all major respects.

Which One of the Following Statements Does Not Describe Verifiability