Carly Jackson is a staff auditor for KPMG.She has been asked to document the client's existing accounting information system so the engagement team can assess the client's adequacy of controls around financial reporting.She decides to begin by creating a flowchart to describe,analyze,and evaluate internal controls.What documentation tool should she use for this purpose?
A) internal control flowchart
B) document flowchart
C) system flowchart
D) dataflow diagram

Question

Quizplus · Accepted Answer

An internal control flowchart is specifically designed to describe, analyze, and evaluate the internal controls that a company has in place. It is the ideal documentation tool for Carly Jackson in this situation as it allows her to visually depict the internal control system of the client and assess its adequacy of controls around financial reporting. Option B) document flowchart, option C) system flowchart, and option D) dataflow diagram are also types of flowcharts but they are not tailored for documenting and evaluating internal controls.

Carly Jackson Is a Staff Auditor for KPMG