Which of the following is not a basic principle of designing and developing an effective accounting information system?
A) Approval by the SEC
B) Usefulness
C) Flexibility
D) Cost effectiveness

Question

Quizplus · Accepted Answer

Approval by the SEC is not a basic principle of designing and developing an effective accounting information system. The basic principles are usefulness, flexibility, and cost-effectiveness. The SEC (Securities and Exchange Commission) is a regulatory body that oversees the financial reporting of public companies to ensure compliance with accounting standards and regulations. While compliance with SEC regulations is important, it is not a fundamental principle in designing and developing an accounting information system.

Which of the Following Is Not a Basic Principle of Designing