Information Technology Skills Can Link Auditing to Accounting Information Systems

question 7

Multiple Choice

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 A and B.
• D)Neither A nor B.

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Definitions:

Orientation

The arrangement or positioning of a part, component, or structure in relation to its surroundings.

Cylindrical Features

Characteristics or aspects of a part or assembly that have a circular cross-section and typically extend along an axis, such as shafts, rods, or pins.

LMC

Least Material Condition, a term used in geometric dimensioning and tolerancing indicating the condition of a part when it contains the least amount of material.

Orientation Tolerances

The limits within which the orientation (e.g., parallelism, perpendicularity) of a part feature must lie relative to a specified datum to ensure proper assembly or function.