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

Question

Quizplus · Accepted Answer

Auditors commonly use all three methods (flowcharts, narratives, and preformatted questionnaires) to document their understanding of internal controls. Flowcharts visually depict the flow of transactions and controls, while narratives provide written descriptions of key control activities. Preformatted questionnaires provide a structured approach for auditors to gather information about internal controls. Using a combination of these methods can provide a comprehensive understanding of an organization's internal control structure.

The Most Common Ways of Auditors Documenting Their Understanding of Internal