Question: Control, competency, compatibility, flexibility and cost-benefit are the five basic principles of accounting information systems. True False Question 4 (0.16 points) Internal controls include policies

of accounting information systems. True False Question 4 (0.16 points) Internal controls

Control, competency, compatibility, flexibility and cost-benefit are the five basic principles of accounting information systems. True False Question 4 (0.16 points) Internal controls include policies to protect company assets and achieve compliance with laws and regulations. True False The flexibility principle prescribes that an accounting information system be able to adapt to changes in the company, business environment, and needs of decision makers. True False Question 6 ( 0.16 points) The compatibility principle requires that an accounting system report useful, understandable, and timely information for decision making. True False

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