In conducting analytical procedures, which of the following information sources are not generally considered to be reliable?
A) Audited information
B) Information generated by an accounting system with ineffective internal controls
C) Information generated using consistent accounting methods
D) Information generated by an accounting system with effective internal controls

Question

Quizplus · Accepted Answer

Information generated by an accounting system with ineffective internal controls is not considered reliable as it may contain errors, misstatements, or fraudulent transactions. All other options, including audited information, consistent accounting methods, and information generated by an accounting system with effective internal controls, are generally considered reliable sources of information for conducting analytical procedures.

In Conducting Analytical Procedures, Which of the Following Information Sources