Which of the Following Is True of Transactional Accountants

question 36

Multiple Choice

Which of the following is true of transactional accountants?

• A) They evaluate the internal control systems of an organization and test the accounts to ensure that all economic events are recorded and reported properly.
• B) They form and express an opinion as to whether an organization's financial statements, taken as a whole, reflect its financial position on a given date and the results of its operations for a given period.
• C) They report on the adequacy of internal controls, the accuracy and propriety of transactions.
• D) They employ generally accepted accounting principles (GAAP) to process information useful in decision making.

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Definitions:

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