Information and communication includes all of the following except:
A) Identifying and recording all valid transactions.
B) Determining the time period in which transactions occurred.
C) Communicating price changes to customers.
D) Properly presenting transactions and related disclosures in the financial statements.

Question

Quizplus · Accepted Answer

Communicating price changes to customers is not typically considered part of the information and communication component of internal control systems, which focuses on the accurate recording and reporting of financial transactions.

Information and Communication Includes All of the Following Except