9) Which of the following statements is FALSE? A) Financial accounting information only serves a purpose if it is useful for decision making. B) Information quality is the suitability of information for a particular purpose in a specific task. C) Understandability and timeliness of data has a higher priority than relevance. D) Relevance of information carries more priority than consistency and verifiability.
9) Which of the following statements is FALSE? A) Financial accounting information only serves a purpose if it is useful for decision making. B) Information quality is the suitability of information for a particular purpose in a specific task. C) Understandability and timeliness of data has a higher priority than relevance. D) Relevance of information carries more priority than consistency and verifiability.
Auditing: A Risk Based-Approach (MindTap Course List)
11th Edition
ISBN:9781337619455
Author:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg
Publisher:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg
Chapter7: Planning The Audit: Identifying, Assessing, And Responding To The Risk Of Material Misstatement
Section: Chapter Questions
Problem 3CYBK
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