Assuming that the data collected in the accounting information system is free from material errors but the processing of such data is inappropriate, would it still be possible to generate correct accounting information under these circumstances? If yes, how? If no, why?

Assuming that the data collected in the accounting information system is free from material errors but the processing of such data is inappropriate, would it still be possible to generate correct accounting information under these circumstances? If yes, how? If no, why?

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

Chapter5: Professional Auditing Standards And The Audit Opinion Formulation Process

Section: Chapter Questions

Problem 33RQSC

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Definition Definition Structural system an enterprise uses to collect, store, report, retrieve, and process financial data. Accounting information systems are used by business analysts, auditors, accountants, and consultants for accurate and efficient access to financial data.

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