Take the following as truth: In the final analysis, for any system to work you need to assure that the key people have integrity, that the information provided to key stakeholders is timely and reliable, and that the persons or entities that are providing assurance as to the reliability of any financial and non-financial information are qualified and independent both in fact and appearance.
Then the following statement: "Financial information does not need to be prepared by qualified people." is true, false, or inconclusive?
Answer: False