Cheryl Metrejean has been the controller of Downtown 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 Ms.Metrejean.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 the financial reports, which raises concerns about the reliability and accuracy of the information.

Cheryl Metrejean Has Been the Controller of Downtown Tires for 25