Accounting Information Systems;  Quickbooks 2015: A Complete Course (without Software); Access Card For Intuit Quickbooks 2015 (13th Edition)
Accounting Information Systems; Quickbooks 2015: A Complete Course (without Software); Access Card For Intuit Quickbooks 2015 (13th Edition)
13th Edition
ISBN: 9780134404080
Author: Marshall B. Romney, Paul J. Steinbart
Publisher: PEARSON
Question
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Chapter 11, Problem 1CQ
To determine

Identify the auditing characteristics.

Expert Solution & Answer
Check Mark

Answer to Problem 1CQ

Option d

Explanation of Solution

Auditing: The systematic process of evaluating and calculating the accounting information provided by the company and communicating the dependability and relevance of accounting information to the stakeholders is referred to as auditing.

Option (d):

The Option d, all of the given characteristics is the correct answer.

Option (a):

The systematic process is one of the characteristics of auditing. Therefore, Option a, is an incorrect answer.

Option (b):

The collection and evaluation of evidence is one of the characteristics of auditing. Therefore, Option b, is an incorrect answer.

Option (c):

The establishing criteria for evidence evaluation is one of the characteristics of auditing. Therefore, Option c, is an incorrect answer.

Conclusion

Therefore, Option (d) is the correct answer.

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