All of the following statements regarding accounting information systems are true except:
A)Accounting information systems collect and process data from transactions and events.
B)Accounting information systems organize data in useful forms.
C)Accounting information systems do not establish internal control procedures.
D)Accounting information systems are crucial to effective decision making.
E)Accounting information systems communicate information to business decision makers.

Question

Quizplus · Accepted Answer

Accounting information systems do establish internal control procedures to ensure the reliability and accuracy of the financial information. Therefore, the statement "Accounting information systems do not establish internal control procedures" is false.

All of the Following Statements Regarding Accounting Information Systems Are