$2.$Question:

How does the utilization of live statistics contribute to providing additional consistent readings, and what role does live information serve in the accounting process?

A$)$ Live statistics offer real$-$time data updates, ensuring accuracy and timeliness in financial reporting, while live information facilitates proactive decision$-$making and risk management in accounting.

B$)$ Live statistics eliminate the need for periodic data collection, resulting in more reliable financial statements, while live information supports historical analysis and trend identification in accounting.

C$)$ Live statistics enhance data integrity by reducing manual errors and discrepancies, while live information aids in regulatory compliance and audit trail documentation in accounting.

D$)$ Live statistics streamline reconciliation processes through automated data feeds, minimizing errors and omissions, while live information enables budget variance analysis and performance monitoring in accounting.