Which of the following factors would most likely influence an auditor's consideration of the reliability of data when performing analytical procedures?
A) if the data were developed in a computerized accounting system
B) if the data were prepared in conformity with GAAP
C) if the data were developed under a system with adequate controls
D) if the data were processed in an online system

Question

Quizplus · Accepted Answer

The reliability of the data is most likely to be influenced if the data were developed under a system with adequate controls. This ensures that the data is accurate, complete, and free from material misstatements. Although factors such as computerized accounting systems, conformity with GAAP, and processing in an online system may affect the reliability of the data, they do not have as much impact as having adequate controls in place.

Which of the Following Factors Would Most Likely Influence an Auditor's