(a) The requirement is to identify a characteristic that
distinguishes electronic data interchange (EDI) from other forms
of electronic commerce. Answer (a) is correct because EDI
transactions are ordinarily formatted using one of the available
uniform worldwide sets of standards. Answer (b) is incorrect
because, when financial statements are prepared, EDI transactions
must follow generally accepted accounting principles. Answer
(c) is incorrect because EDI transactions may or may not be
processed using the Internet. Answer (d) is incorrect because
security and privacy are considered when recording EDI transactions.
See the Auditing Procedure Study Audit Implications of
EDI for more information on electronic data interchange.