ICAEW SE · Chapter 10 · Question 5 of 10
A management accountant is given sustainability data from a supplier to include in the company's report. Which action best reflects the need to maintain an enquiring mind?
Test yourself: pick an answer
Reveal answer & explanation
Correct answer: B) Considering the source and reliability of the data, how it was collected, and whether it is consistent with other information
Explanation
An enquiring mind involves evaluating information from a variety of sources and perspectives, considering its reliability, completeness and consistency before relying on it. A long relationship does not guarantee accuracy. Excluding data without assessment, or adjusting it cosmetically, would not produce reliable information.
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