When tags are applied to the data after the reports have been created:
A) they do not need to be verified.
B) very little work is required for the presentation of the financial information.
C) internal control procedures are required to check the data before it is used or filed with regulatory agencies.
D) None of the above.

Question

Quizplus · Accepted Answer

Attaching tags to the data after the reports have been created impacts on the core processes and the data quality that will result as mistakes are likely. Therefore, internal control procedures are required to check the data before it is used or filed with regulatory agencies.

When Tags Are Applied to the Data After the Reports