Characteristics of internal accounting information include all of the following except:
A)It is audited by a CPA.
B)It must be timely.
C)It is oriented toward the future.
D)It measures efficiency and effectiveness.

Question

Quizplus · Accepted Answer

Internal accounting information is not necessarily audited by a CPA. Internal accounting information is prepared for management's decision-making purposes and may not necessarily require an independent audit.

Characteristics of Internal Accounting Information Include All of the Following