Multiple Choice
The documentation of an auditor's understanding of internal controls:
A) is optional.
B) must be exclusively in narrative, questionnaires, or flowchart form.
C) must include flowcharts.
D) can include any combination of narratives, questionnaires, or flowcharts.
Correct Answer:

Verified
Correct Answer:
Verified
Q65: A substantive strategy differs from a reliance
Q66: Proper monitoring within an internal control framework
Q67: The risk assessment component of internal control
Q68: In terms of an audit, define substantive
Q69: Significant deficiencies are matters that come to
Q71: Where computer processing is used in significant
Q72: Information and communication includes all of the
Q73: Internal control has become a very important
Q74: In evaluating internal control, the auditor is
Q75: Walkthroughs usually involve all of the following