A Systems Flowchart

Multiple Choice

A systems flowchart:

A) Can help an auditor understand an organization's business processes as part of the third generic step of a financial statement audit.
B) Can help an auditor verify all five financial statement assertions as part of the fourth generic step of a financial statement audit.
C) Both can help an auditor understand an organization's business processes as part of the third generic step of a financial statement audit and can help an auditor verify all five financial statement assertions as part of the fourth generic step of a financial statement audit.
D) Neither can help an auditor understand an organization's business processes as part of the third generic step of a financial statement audit nor can help an auditor verify all five financial statement assertions as part of the fourth generic step of a financial statement audit.