Information technology skills can link auditing to accounting information systems. Which of the following tasks can be completed using only information technology?
A)All five generic steps of a financial statement audit.
B)All ten steps in the accounting cycle.
C)Both A and B.
D)Neither A nor B.

Question

Quizplus · Accepted Answer

While information technology can assist in completing certain tasks in the financial statement audit and accounting cycle, it cannot complete all of the steps on its own. Both A and B require human judgment and analysis in order to properly assess and interpret the information gathered through information technology. Therefore, neither A nor B can be completed using only information technology.

Information Technology Skills Can Link Auditing to Accounting Information Systems