Joe Marzetti has been the controller of Fairview Tires for 25 years.Ownership of the firm recently changed hands and the new owners are conducting an audit of the financial records.The audit has been unable to reproduce financial reports that were prepared by Marzetti.While there is no evidence of wrongdoing,the auditors are concerned that the discrepancies might contribute to poor decisions.Which of the following characteristics of useful information is absent in the situation described above?
A) Relevant
B) Reliable
C) Complete
D) Timely
E) Understandable
F) Verifiable
G) Accessible

Question

Quizplus · Accepted Answer

The absence of verifiable information is indicated by the auditors' inability to reproduce financial reports, which suggests that the information cannot be independently confirmed or validated.

Joe Marzetti Has Been the Controller of Fairview Tires for 25