Final answer:
The major concern when using non financial data in analytical procedures is the accuracy of the data. It is important to evaluate the source and type of data being used to ensure accuracy and relevance.
Step-by-step explanation:
The major concern when using non financial data in analytical procedures is the accuracy of the non financial data. This is because inaccurate data can lead to incorrect conclusions and decisions. It is important to ensure that the non financial data being used is reliable and valid.
One way to address the concern of accuracy is to carefully evaluate the source of the non financial data. It is important to consider the credibility and expertise of the source, as well as the methods used to collect the data. Using reputable sources and verifying the data through multiple sources can help improve the accuracy of the non financial data.
Another concern when using non financial data is the type of data being used. Different types of non financial data may have different levels of reliability and relevance to the analysis being conducted. It is important to use data that is appropriate for the analysis and aligns with the research objectives.