Which of the following describes the disadvantage of using audit data?
A) There are significant limitations associated with the extent to which audited data can be analyzed.
B) Audits provide relatively inaccurate data at the wholesale level.
C) There is a delay associated with compiling and reporting audited data.
D) Audits provide relatively inaccurate data at the retail level.
E) Audits can be linked to consumer data.

Question

Quizplus · Accepted Answer

Audited data often involves a time lag due to the time required for data collection, verification, and reporting, making it less timely for immediate decision-making.

Which of the Following Describes the Disadvantage of Using Audit