The accumulation,storage,and maintenance of auditable data are important cost elements.Such storage may be critically important in meeting the legal test of __________.
A)completeness
B)accuracy
C)due diligence
D)capacity

Question

Quizplus · Accepted Answer

The legal test of due diligence requires that a reasonable effort has been made to prevent harm or wrongdoing. In order to meet this test, it is important to have auditable data that can be used to demonstrate that adequate precautions were taken. Therefore, the accumulation, storage, and maintenance of auditable data are important cost elements in meeting the legal test of due diligence. Completeness and accuracy may also be important factors, but they are not directly related to the legal test of due diligence. Capacity is not relevant to the given context.

The Accumulation,storage,and Maintenance of Auditable Data Are Important Cost Elements