Management accounting considers these factors more important than others. a. verifiability, objectivity and accuracy b. relevance, flexibility and timeliness c. consistency and disclosure d, authenticity and reliability

Management accounting considers these factors more important than others. a. verifiability, objectivity and accuracy b. relevance, flexibility and timeliness c. consistency and disclosure d, authenticity and reliability

Auditing: A Risk Based-Approach to Conducting a Quality Audit

10th Edition

ISBN:9781305080577

Author:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg

Publisher:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg

Chapter17: Other Services Provided By Audit Firms

Section: Chapter Questions

Problem 26MCQ

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Question

Management accounting considers these factors more important than others.

a. verifiability, objectivity and accuracy
b. relevance, flexibility and timeliness
c. consistency and disclosure
d, authenticity and reliability

Definition Definition Process by which financial information is analyzed, interpreted, and communicated to managers to support the achievement of an organization's goals. The main objective of managerial accounting is to maximize profits and minimize losses.

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