When the auditors obtain an understanding of internal control for the financing cycle,documentation will frequently include a written description as well as a(n):

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When auditors obtain an understanding of internal control for the financing cycle, documentation will frequently include a written description as well as an internal control questionnaire to identify potential weaknesses or concerns in the system. A list of audit objectives and a summary of tests of controls may be developed based on this understanding, but they are not typically included in the initial documentation. A decision table is not relevant to documenting internal control for the financing cycle.

When the Auditors Obtain an Understanding of Internal Control for the Financing