The primary emphasis of auditors is on internal controls over classes of transactions because:
A) the accuracy of the output of accounting systems is based on the accuracy of the input.
B) financial statements may not accurately reflect accounting standards correctly.
C) the accuracy of the output of accounting systems is based on the accuracy of the input and processing.
D) all of the above.

Question

Quizplus · Accepted Answer

The primary emphasis of auditors on internal controls over classes of transactions is because the accuracy of the output of accounting systems depends on both the accuracy of the input and the processing of that input, and financial statements may not accurately reflect accounting standards if these controls are not properly designed and implemented.

The Primary Emphasis of Auditors Is on Internal Controls Over