The most common ways of auditors documenting their understanding of internal controls include:
A)preformatted questionnaires
B)flowcharts
C)narratives
D)all of the above

Question

Quizplus · Accepted Answer

All of the above options are commonly used by auditors to document their understanding of internal controls. Preformatted questionnaires help auditors capture relevant information in a systematic manner, flowcharts provide a visual representation of the internal control procedures, and narratives allow auditors to describe the internal control environment and key control procedures in detail. Using a combination of these methods can provide a comprehensive understanding of the internal control structure.

The Most Common Ways of Auditors Documenting Their Understanding of Internal