Which of the Following Statements, Regarding Ethical Considerations in an Accounting

question 98

Multiple Choice

Which of the following statements, regarding ethical considerations in an accounting information system is false?

• A)The accounting information system is often the tool used to either commit or cover up unethical behavior.
• B)If there is only one person within the organization with responsibility for maintaining the computer systems, it is not difficult to detect instances of computer fraud.
• C)Fraud could be perpetrated and go undetected for a long time if the accounting information system is not carefully monitored.
• D)If accountants are well informed about the risks of unethical behavior, they will be better prepared to control those risks.

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Definitions:

Comparability

An accounting principle that ensures financial statements can be easily compared across different periods or companies, enhancing transparency.

Economic Similarities

Characteristics or factors that are common among different economies, which may influence their development or performance.

Disclosure Practices

The policies and actions by a company regarding the release of information to stakeholders, intended to provide clarity and transparency about its operations and financial condition.

Financial Statements

Reports that summarize the financial performance, position, and cash flows of a business over a specific period.