If a company chooses to use computer-based accounting,which of the following is required?
A) A standalone system that is dedicated to payroll processing.
B) Annual software updates.
C) Certification by a CPA prior to use for payroll processing.
D) Certification and bonding of payroll personnel.

Question

Quizplus · Accepted Answer

Annual software updates are required to ensure the accuracy and security of the computer-based accounting system. A standalone system for payroll processing, certification by a CPA, and certification and bonding of payroll personnel may be beneficial but are not necessarily required for computer-based accounting.

If a Company Chooses to Use Computer-Based Accounting,which of the Following