a) Joe and Bob are both conducting a bank reconciliation. They are using the same reports and information, but come to different answers b) A job applicant fails to tell the interviewees that he was previously in jail for murdering his former boss. c) Dr. Goldstein's father-in-law is vacationing in Myrtle Beach for the winter, and frequently calls Dr. G. in the morning to tell him the temperature in Mrytle Beach, even though Dr. G. is in Buffalo. d) The computer system crashed and Mr. Jones could not obtain the information he needed for an important meeting.

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
Chapter10: Auditing Cash, Marketable Securities, And Complex Financial Instruments
Section: Chapter Questions
Problem 11CYBK
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useful information" Relevent, Reliable, Complete, Timely, Understandable, Verifiable, Accessible." Identify which of the criteria is violated in the below situations:

a) Joe and Bob are both conducting a bank reconciliation. They are using the same reports and information, but come to different answers

b) A job applicant fails to tell the interviewees that he was previously in jail for murdering his former boss.

c) Dr. Goldstein's father-in-law is vacationing in Myrtle Beach for the winter, and frequently calls Dr. G. in the morning to tell him the temperature in Mrytle Beach, even though Dr. G. is in Buffalo.

d) The computer system crashed and Mr. Jones could not obtain the information he needed for an important meeting.

 

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