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Which of the following best describes the control objectives of financial information? Question 1 3 Select one: a . Financial information needs to be genuine,
Which of the following best describes the control objectives of financial information?
Question Select one:
a
Financial information needs to be genuine, recorded at the correct amount, and all transactions need to be recorded for the period, but it does not matter which account transactions are recorded in as long as they are all recorded.
b
Financial information needs to be profitable, recorded at the correct amount, and needs to be recorded in the correct period.
c
Financial information needs to be authorised, recorded at the correct amount, classified into the correct account, and recorded in the correct period.
d
Financial information needs to be authorised, genuine, recorded in the correct account and complies with applicable laws and regulations.
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