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 all five generic steps of a financial statement audit and all ten steps in the accounting cycle.
D)Neither all five generic steps of a financial statement audit nor all ten steps in the accounting cycle.

Question

Quizplus · Accepted Answer

Information technology can support and enhance the auditing and accounting process, but it cannot replace the essential steps of the financial statement audit or the accounting cycle. Auditing and accounting require professional judgment and analysis, which cannot be fully automated.

Information Technology Skills Can Link Auditing to Accounting Information Systems