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) Certiﬁcation by a CPA prior to use for payroll processing.
C) Regularly scheduled software updates.
D) Certiﬁcation and bonding of payroll personnel.

Question

Quizplus · Accepted Answer

Regularly scheduled software updates are required when a company chooses to use computer-based accounting. While having a standalone system for payroll processing (A) may be helpful, it is not a requirement. Certification by a CPA (B) and certification and bonding of payroll personnel (D) are also not required for computer-based accounting.

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