AUD 3 Internal Control 10 - 2

Question 1

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315)

An auditor performs the following procedures to obtain and apply an understanding of internal control to an audit:

Step 1 – Obtain an understanding of the design of all 5 components of the entity’s internal control (CRIME) through the performance of risk assessment procedures.

Step 2 – Document the understanding of Internal Control.

Step 3 – Assess Risk of Material Misstatement (RMM) which consists of inherent risk (IR) and control risk (CR).
RMM = IR × CR

Step 4 – Develop an audit strategy to either:
o (RELY?)
Perform tests of control (TofC) to determine if CR is below maximum, reducing RMM below the level of IR and allowing for the modification of the nature, timing, and extent of further audit procedures (sub tests): or
o (NOT Rely)
Decide NOT to perform tests of controls, assessing CR at the maximum level as if the control did not exist, and measuring RMM as being equal to IR.

Step 5 – Reassess Risk of Material Misstatement and evaluate results.
o For controls for which tests of controls were performed, evaluate results to reassess RMM and determine if it is appropriate to modify the nature, timing, and extent of further audit procedures.

Step 6 – Document conclusions and determine the effect on the planned substantive procedures. At this point, the audit program needs to be developed or revised for further audit procedures.

Answer 1

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315)

An auditor performs the following procedures to obtain and apply an understanding of internal control to an audit:

Step 1 – Obtain an understanding of the design of all 5 components of the entity’s internal control (CRIME) through the performance of risk assessment procedures.

Step 2 – Document the understanding of Internal Control.

Step 3 – Assess Risk of Material Misstatement (RMM) which consists of inherent risk (IR) and control risk (CR).
RMM = IR × CR

Step 4 – Develop an audit strategy to either:
o (RELY?)
Perform tests of control (TofC) to determine if CR is below maximum, reducing RMM below the level of IR and allowing for the modification of the nature, timing, and extent of further audit procedures (sub tests): or
o (NOT Rely)
Decide NOT to perform tests of controls, assessing CR at the maximum level as if the control did not exist, and measuring RMM as being equal to IR.

Step 5 – Reassess Risk of Material Misstatement and evaluate results.
o For controls for which tests of controls were performed, evaluate results to reassess RMM and determine if it is appropriate to modify the nature, timing, and extent of further audit procedures.

Step 6 – Document conclusions and determine the effect on the planned substantive procedures. At this point, the audit program needs to be developed or revised for further audit procedures.

Question 2

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315)

Step 2 –
2. Document Understanding of Internal Control

The au_____is required to document key elements of the understanding of the entity and its environment,

Answer 2

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315)

Step 2 –
2. Document Understanding of Internal Control

The auditor is required to document key elements of the understanding of the entity and its environment,

Question 3

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315)

Step 2 –
2. Document Understanding of Internal Control

The auditor is re____ed to document key elements of the understanding of the entity and its environment,

Answer 3

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315)

Step 2 –
2. Document Understanding of Internal Control

The auditor is required to document key elements of the understanding of the entity and its environment,

Question 4

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315)

Step 2 –
2. Document Understanding of Internal Control

The auditor is required to doc_______ key elements of the understanding of the entity and its environment,

Answer 4

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315)

Step 2 –
2. Document Understanding of Internal Control

The auditor is required to document key elements of the understanding of the entity and its environment,

Question 5

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315)

Step 2 –
2. Document Understanding of Internal Control

The auditor is required to document key ele____s of the understanding of the entity and its environment,

Answer 5

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315)

Step 2 –
2. Document Understanding of Internal Control

The auditor is required to document key elements of the understanding of the entity and its environment,

Question 6

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315)

Step 2 –
2. Document Understanding of Internal Control

The auditor is required to document k__ elements of the understanding of the entity and its environment,

Answer 6

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315)

Step 2 –
2. Document Understanding of Internal Control

The auditor is required to document key elements of the understanding of the entity and its environment,

Question 7

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315)

Step 2 –
2. Document Understanding of Internal Control

The auditor is required to document key elements of the un_________ing of the entity and its environment,

Answer 7

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315)

Step 2 –
2. Document Understanding of Internal Control

The auditor is required to document key elements of the understanding of the entity and its environment,

Question 8

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315)

Step 2 –
2. Document Understanding of Internal Control

The auditor is required to document key elements of the understanding of the e____y and its environment,

Answer 8

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315)

Step 2 –
2. Document Understanding of Internal Control

The auditor is required to document key elements of the understanding of the entity and its environment,

Question 9

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315)

Step 2 –
2. Document Understanding of Internal Control

The auditor is required to document key elements of the understanding of the entity and its en_________t,

Answer 9

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315)

Step 2 –
2. Document Understanding of Internal Control

The auditor is required to document key elements of the understanding of the entity and its environment,

Question 10

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315)

Step 2 –
2. Document Understanding of Internal Control

The auditor is required to document

key elements of the understanding of the entity and its environment,

as well as each of the 5 com______s of internal control (CRIME),

Answer 10

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315)

Step 2 –
2. Document Understanding of Internal Control

The auditor is required to document

key elements of the understanding of the entity and its environment,

as well as each of the 5 components of internal control (CRIME),

Question 11

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315)

Step 2 –
2. Document Understanding of Internal Control

The auditor is required to document

key elements of the understanding of the entity and its environment,

as well as e___ of the 5 components of internal control (CRIME),

Answer 11

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315)

Step 2 –
2. Document Understanding of Internal Control

The auditor is required to document

key elements of the understanding of the entity and its environment,

as well as each of the 5 components of internal control (CRIME),

Question 12

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315)

Step 2 –
2. Document Understanding of Internal Control

The auditor is required to document

key elements of the understanding of the entity and its environment,

as well as each of the _ components of internal control (CRIME),

Answer 12

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315)

Step 2 –
2. Document Understanding of Internal Control

The auditor is required to document

key elements of the understanding of the entity and its environment,

as well as each of the 5 components of internal control (CRIME),

Question 13

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315)

Step 2 –
2. Document Understanding of Internal Control

The auditor is required to document

key elements of the understanding of the entity and its environment,

as well as each of the 5 components of in______ control (CRIME),

Answer 13

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315)

Step 2 –
2. Document Understanding of Internal Control

The auditor is required to document

key elements of the understanding of the entity and its environment,

as well as each of the 5 components of internal control (CRIME),

Question 14

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315)

Step 2 –
2. Document Understanding of Internal Control

The auditor is required to document

key elements of the understanding of the entity and its environment,

as well as each of the 5 components of internal control (C_____),

Answer 14

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315)

Step 2 –
2. Document Understanding of Internal Control

The auditor is required to document

key elements of the understanding of the entity and its environment,

as well as each of the 5 components of internal control (CRIME),

Question 15

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315)

Step 2 –
2. Document Understanding of Internal Control

The auditor is required to document

key elements of the understanding of the entity and its environment,

as well as each of the 5 components of internal con____ (CRIME),

Answer 15

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315)

Step 2 –
2. Document Understanding of Internal Control

The auditor is required to document

key elements of the understanding of the entity and its environment,

as well as each of the 5 components of internal control (CRIME),

Question 16

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315)

Step 2 –
2. Document Understanding of Internal Control

The auditor is required to document

key elements of the understanding of the entity and its environment,

as well as each of the 5 components of internal control (CRIME),

the so____s of information from which the understanding was obtained,

Answer 16

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315)

Step 2 –
2. Document Understanding of Internal Control

The auditor is required to document

key elements of the understanding of the entity and its environment,

as well as each of the 5 components of internal control (CRIME),

the sources of information from which the understanding was obtained,

Question 17

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315)

Step 2 –
2. Document Understanding of Internal Control

The auditor is required to document

key elements of the understanding of the entity and its environment,

as well as each of the 5 components of internal control (CRIME),

the sources of info_______ from which the understanding was obtained,

Answer 17

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315)

Step 2 –
2. Document Understanding of Internal Control

The auditor is required to document

key elements of the understanding of the entity and its environment,

as well as each of the 5 components of internal control (CRIME),

the sources of information from which the understanding was obtained,

Question 18

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315)

Step 2 –
2. Document Understanding of Internal Control

The auditor is required to document

key elements of the understanding of the entity and its environment,

as well as each of the 5 components of internal control (CRIME),

the sources of information from which the und_______ing was obtained,

Answer 18

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315)

Step 2 –
2. Document Understanding of Internal Control

The auditor is required to document

key elements of the understanding of the entity and its environment,

as well as each of the 5 components of internal control (CRIME),

the sources of information from which the understanding was obtained,

Question 19

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315)

Step 2 –
2. Document Understanding of Internal Control

The auditor is required to document

key elements of the understanding of the entity and its environment,

as well as each of the 5 components of internal control (CRIME),

the sources of information from which the understanding was ob____ed,

Answer 19

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315)

Step 2 –
2. Document Understanding of Internal Control

The auditor is required to document

key elements of the understanding of the entity and its environment,

as well as each of the 5 components of internal control (CRIME),

the sources of information from which the understanding was obtained,

Question 20

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315)

Step 2 –
2. Document Understanding of Internal Control

The auditor is required to document

key elements of the understanding of the entity and its environment,

as well as each of the 5 components of internal control (CRIME),

the sources of information from which the understanding was obtained,

and the r___ assessment procedures performed.

Answer 20

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315)

Step 2 –
2. Document Understanding of Internal Control

The auditor is required to document

key elements of the understanding of the entity and its environment,

as well as each of the 5 components of internal control (CRIME),

the sources of information from which the understanding was obtained,

and the risk assessment procedures performed.

Question 21

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315)

Step 2 –
2. Document Understanding of Internal Control

The auditor is required to document

key elements of the understanding of the entity and its environment,

as well as each of the 5 components of internal control (CRIME),

the sources of information from which the understanding was obtained,

and the risk ass_________ procedures performed.

Answer 21

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315)

Step 2 –
2. Document Understanding of Internal Control

The auditor is required to document

key elements of the understanding of the entity and its environment,

as well as each of the 5 components of internal control (CRIME),

the sources of information from which the understanding was obtained,

and the risk assessment procedures performed.

Question 22

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315)

Step 2 –
2. Document Understanding of Internal Control

The auditor is required to document

key elements of the understanding of the entity and its environment,

as well as each of the 5 components of internal control (CRIME),

the sources of information from which the understanding was obtained,

and the risk assessment pro______es performed.

Answer 22

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315)

Step 2 –
2. Document Understanding of Internal Control

The auditor is required to document

key elements of the understanding of the entity and its environment,

as well as each of the 5 components of internal control (CRIME),

the sources of information from which the understanding was obtained,

and the risk assessment procedures performed.

Question 23

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315)

Step 2 –
2. Document Understanding of Internal Control

The auditor is required to document

key elements of the understanding of the entity and its environment,

as well as each of the 5 components of internal control (CRIME),

the sources of information from which the understanding was obtained,

and the risk assessment procedures per____ed.

Answer 23

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315)

Step 2 –
2. Document Understanding of Internal Control

The auditor is required to document

key elements of the understanding of the entity and its environment,

as well as each of the 5 components of internal control (CRIME),

the sources of information from which the understanding was obtained,

and the risk assessment procedures performed.

Question 24

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315)

Step 2 –
2. Document Understanding of Internal Control

The auditor is required to do_______

key elements of the understanding of the entity and its environment,
as well as each of the 5 components of internal control (CRIME),
the sources of information from which the understanding was obtained,
and the risk assessment procedures performed.

Answer 24

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315)

Step 2 –
2. Document Understanding of Internal Control

The auditor is required to document

key elements of the understanding of the entity and its environment,
as well as each of the 5 components of internal control (CRIME),
the sources of information from which the understanding was obtained,
and the risk assessment procedures performed.

Question 25

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control The auditor is required to document k__ elements of the understanding of the entity and its environment, as well as each of the 5 components of internal control (CRIME), the sources of information from which the understanding was obtained, and the risk assessment procedures performed.

Answer 25

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control The auditor is required to document key elements of the understanding of the entity and its environment, as well as each of the 5 components of internal control (CRIME), the sources of information from which the understanding was obtained, and the risk assessment procedures performed.

Question 26

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control The auditor is required to document key ele____s of the understanding of the entity and its environment, as well as each of the 5 components of internal control (CRIME), the sources of information from which the understanding was obtained, and the risk assessment procedures performed.

Answer 26

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control The auditor is required to document key elements of the understanding of the entity and its environment, as well as each of the 5 components of internal control (CRIME), the sources of information from which the understanding was obtained, and the risk assessment procedures performed.

Question 27

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control The auditor is required to document key elements of the und_______ing of the entity and its environment, as well as each of the 5 components of internal control (CRIME), the sources of information from which the understanding was obtained, and the risk assessment procedures performed.

Answer 27

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control The auditor is required to document key elements of the understanding of the entity and its environment, as well as each of the 5 components of internal control (CRIME), the sources of information from which the understanding was obtained, and the risk assessment procedures performed.

Question 28

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control The auditor is required to document key elements of the understanding of the entity and its environment, as well as each of the 5 components of internal control (C_____), the sources of information from which the understanding was obtained, and the risk assessment procedures performed.

Answer 28

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control The auditor is required to document key elements of the understanding of the entity and its environment, as well as each of the 5 components of internal control (CRIME), the sources of information from which the understanding was obtained, and the risk assessment procedures performed.

Question 29

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control The auditor is required to document key elements of the understanding of the entity and its environment, as well as each of the 5 components of internal control (CRIME), the so___es of information from which the understanding was obtained, and the risk assessment procedures performed.

Answer 29

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control The auditor is required to document key elements of the understanding of the entity and its environment, as well as each of the 5 components of internal control (CRIME), the sources of information from which the understanding was obtained, and the risk assessment procedures performed.

Question 30

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control The auditor is required to document key elements of the understanding of the entity and its environment, as well as each of the 5 components of internal control (CRIME), the sources of information from which the understanding was obtained, and the risk assessment pro____es performed.

Answer 30

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control The auditor is required to document key elements of the understanding of the entity and its environment, as well as each of the 5 components of internal control (CRIME), the sources of information from which the understanding was obtained, and the risk assessment procedures performed.

Question 31

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control The auditor is required to document key elements of the understanding of the entity and its environment, as well as each of the 5 components of internal control (CRIME), the sources of information from which the understanding was obtained, and the risk assessment procedures performed. The form is influenced by the size and complexity of the e____y.

Answer 31

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control The auditor is required to document key elements of the understanding of the entity and its environment, as well as each of the 5 components of internal control (CRIME), the sources of information from which the understanding was obtained, and the risk assessment procedures performed. The form is influenced by the size and complexity of the entity.

Question 32

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control The f___ is influenced by the size and complexity of the entity.

Answer 32

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control The form is influenced by the size and complexity of the entity.

Question 33

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control The form is influenced by the si__ and complexity of the entity.

Answer 33

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control The form is influenced by the size and complexity of the entity.

Question 34

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control The form is influenced by the size and com______y of the entity.

Answer 34

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control The form is influenced by the size and complexity of the entity.

Question 35

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control The form is infl____ed by the size and complexity of the entity.

Answer 35

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control The form is influenced by the size and complexity of the entity.

Question 36

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control The au_____ is required to document key elements of the understanding of the entity and its environment, as well as each of the 5 components of internal control (CRIME), the sources of information from which the understanding was obtained, and the risk assessment procedures performed. The form is influenced by the size and complexity of the entity.

Answer 36

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control The auditor is required to document key elements of the understanding of the entity and its environment, as well as each of the 5 components of internal control (CRIME), the sources of information from which the understanding was obtained, and the risk assessment procedures performed. The form is influenced by the size and complexity of the entity.

Question 37

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are n_ specific requirements as to how the understanding of internal control is documented other than the requirement to document the understanding of all 5 components.

Answer 37

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are no specific requirements as to how the understanding of internal control is documented other than the requirement to document the understanding of all 5 components.

Question 38

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are no specific requirements as to h__ the understanding of internal control is documented other than the requirement to document the understanding of all 5 components.

Answer 38

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are no specific requirements as to how the understanding of internal control is documented other than the requirement to document the understanding of all 5 components.

Question 39

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are no specific req________s as to how the understanding of internal control is documented other than the requirement to document the understanding of all 5 components.

Answer 39

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are no specific requirements as to how the understanding of internal control is documented other than the requirement to document the understanding of all 5 components.

Question 40

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are no specific requirements as to how the un_______ing of internal control is documented other than the requirement to document the understanding of all 5 components.

Answer 40

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are no specific requirements as to how the understanding of internal control is documented other than the requirement to document the understanding of all 5 components.

Question 41

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are no specific requirements as to how the understanding of int_____ control is documented other than the requirement to document the understanding of all 5 components.

Answer 41

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are no specific requirements as to how the understanding of internal control is documented other than the requirement to document the understanding of all 5 components.

Question 42

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are no specific requirements as to how the understanding of internal control is doc______ed other than the requirement to document the understanding of all 5 components.

Answer 42

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are no specific requirements as to how the understanding of internal control is documented other than the requirement to document the understanding of all 5 components.

Question 43

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are no specific requirements as to how the understanding of internal control is documented other than the requi_______ to document the understanding of all 5 components.

Answer 43

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are no specific requirements as to how the understanding of internal control is documented other than the requirement to document the understanding of all 5 components.

Question 44

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are no specific requirements as to how the understanding of internal control is documented other than the requirement to docu_____ the understanding of all 5 components.

Answer 44

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are no specific requirements as to how the understanding of internal control is documented other than the requirement to document the understanding of all 5 components.

Question 45

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are no specific requirements as to how the understanding of internal control is documented other than the requirement to document the und________ing of all 5 components.

Answer 45

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are no specific requirements as to how the understanding of internal control is documented other than the requirement to document the understanding of all 5 components.

Question 46

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are no specific requirements as to how the understanding of internal control is documented other than the requirement to document the understanding of a__ 5 components.

Answer 46

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are no specific requirements as to how the understanding of internal control is documented other than the requirement to document the understanding of all 5 components.

Question 47

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are no specific requirements as to how the understanding of internal control is documented other than the requirement to document the understanding of all 5 com_______s.

Answer 47

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are no specific requirements as to how the understanding of internal control is documented other than the requirement to document the understanding of all 5 components.

Question 48

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are no specific requirements as to how the understanding of internal control is documented other than the requirement to document the understanding of all _ components.

Answer 48

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are no specific requirements as to how the understanding of internal control is documented other than the requirement to document the understanding of all 5 components.

Question 49

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are no specific requirements as to how the understanding of internal control is documented other than the requirement to document the understanding of all 5 components. There are different tech____es that are commonly used for documenting the auditor's understanding of the internal control structure.

Answer 49

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are no specific requirements as to how the understanding of internal control is documented other than the requirement to document the understanding of all 5 components. There are different techniques that are commonly used for documenting the auditor's understanding of the internal control structure.

Question 50

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are diff______ techniques that are commonly used for documenting the auditor's understanding of the internal control structure.

Answer 50

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are different techniques that are commonly used for documenting the auditor's understanding of the internal control structure.

Question 51

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are different techniques that are commonly u_ed for documenting the auditor's understanding of the internal control structure.

Answer 51

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are different techniques that are commonly used for documenting the auditor's understanding of the internal control structure.

Question 52

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are different techniques that are com___ly used for documenting the auditor's understanding of the internal control structure.

Answer 52

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are different techniques that are commonly used for documenting the auditor's understanding of the internal control structure.

Question 53

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are different techniques that are commonly used for docu______ing the auditor's understanding of the internal control structure.

Answer 53

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are different techniques that are commonly used for documenting the auditor's understanding of the internal control structure.

Question 54

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are different techniques that are commonly used for documenting the au____'s understanding of the internal control structure.

Answer 54

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are different techniques that are commonly used for documenting the auditor's understanding of the internal control structure.

Question 55

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are different techniques that are commonly used for documenting the auditor's un________ing of the internal control structure.

Answer 55

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are different techniques that are commonly used for documenting the auditor's understanding of the internal control structure.

Question 56

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are different techniques that are commonly used for documenting the auditor's understanding of the internal control str______.

Answer 56

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are different techniques that are commonly used for documenting the auditor's understanding of the internal control structure.

Question 57

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are different techniques that are commonly used for documenting the auditor's understanding of the internal control structure. These are (FIND): * F = Flowchart * I = Internal Control Questionnaire (ICQ) * N = Narrative or Memorandum * D = Decision table/tree

Answer 57

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are different techniques that are commonly used for documenting the auditor's understanding of the internal control structure. These are (FIND): * F = Flowchart * I = Internal Control Questionnaire (ICQ) * N = Narrative or Memorandum * D = Decision table/tree

Question 58

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are different techniques that are commonly used for documenting the auditor's understanding of the internal control structure. These are (F____): * F = Flowchart * I = Internal Control Questionnaire (ICQ) * N = Narrative or Memorandum * D = Decision table/tree

Answer 58

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are different techniques that are commonly used for documenting the auditor's understanding of the internal control structure. These are (FIND): * F = Flowchart * I = Internal Control Questionnaire (ICQ) * N = Narrative or Memorandum * D = Decision table/tree

Question 59

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are different techniques that are commonly used for documenting the auditor's understanding of the internal control structure. These are (FIND): * F = Flow_____ * I = Internal Control Questionnaire (ICQ) * N = Narrative or Memorandum * D = Decision table/tree

Answer 59

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are different techniques that are commonly used for documenting the auditor's understanding of the internal control structure. These are (FIND): * F = Flowchart * I = Internal Control Questionnaire (ICQ) * N = Narrative or Memorandum * D = Decision table/tree

Question 60

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are different techniques that are commonly used for documenting the auditor's understanding of the internal control structure. These are (FIND): * F = Flowchart * I = Internal C______ Questionnaire (ICQ) * N = Narrative or Memorandum * D = Decision table/tree

Answer 60

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are different techniques that are commonly used for documenting the auditor's understanding of the internal control structure. These are (FIND): * F = Flowchart * I = Internal Control Questionnaire (ICQ) * N = Narrative or Memorandum * D = Decision table/tree

Question 61

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are different techniques that are commonly used for documenting the auditor's understanding of the internal control structure. These are (FIND): * F = Flowchart * I = In_______ Control Questionnaire (ICQ) * N = Narrative or Memorandum * D = Decision table/tree

Answer 61

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are different techniques that are commonly used for documenting the auditor's understanding of the internal control structure. These are (FIND): * F = Flowchart * I = Internal Control Questionnaire (ICQ) * N = Narrative or Memorandum * D = Decision table/tree

Question 62

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are different techniques that are commonly used for documenting the auditor's understanding of the internal control structure. These are (FIND): * F = Flowchart * I = Internal Control Que________ (ICQ) * N = Narrative or Memorandum * D = Decision table/tree

Answer 62

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are different techniques that are commonly used for documenting the auditor's understanding of the internal control structure. These are (FIND): * F = Flowchart * I = Internal Control Questionnaire (ICQ) * N = Narrative or Memorandum * D = Decision table/tree

Question 63

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are different techniques that are commonly used for documenting the auditor's understanding of the internal control structure. These are (FIND): * F = Flowchart * I = Internal Control Questionnaire (I__) * N = Narrative or Memorandum * D = Decision table/tree

Answer 63

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are different techniques that are commonly used for documenting the auditor's understanding of the internal control structure. These are (FIND): * F = Flowchart * I = Internal Control Questionnaire (ICQ) * N = Narrative or Memorandum * D = Decision table/tree

Question 64

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are different techniques that are commonly used for documenting the auditor's understanding of the internal control structure. These are (FIND): * F = Flowchart * I = Internal Control Questionnaire (ICQ) * N = Narr_____ or Memorandum * D = Decision table/tree

Answer 64

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are different techniques that are commonly used for documenting the auditor's understanding of the internal control structure. These are (FIND): * F = Flowchart * I = Internal Control Questionnaire (ICQ) * N = Narrative or Memorandum * D = Decision table/tree

Question 65

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are different techniques that are commonly used for documenting the auditor's understanding of the internal control structure. These are (FIND): * F = Flowchart * I = Internal Control Questionnaire (ICQ) * N = Narrative or Memo_______ * D = Decision table/tree

Answer 65

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are different techniques that are commonly used for documenting the auditor's understanding of the internal control structure. These are (FIND): * F = Flowchart * I = Internal Control Questionnaire (ICQ) * N = Narrative or Memorandum * D = Decision table/tree

Question 66

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are different techniques that are commonly used for documenting the auditor's understanding of the internal control structure. These are (FIND): * F = Flowchart * I = Internal Control Questionnaire (ICQ) * N = Narrative or Memorandum * D = Dec____ table/tree

Answer 66

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are different techniques that are commonly used for documenting the auditor's understanding of the internal control structure. These are (FIND): * F = Flowchart * I = Internal Control Questionnaire (ICQ) * N = Narrative or Memorandum * D = Decision table/tree

Question 67

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are different techniques that are commonly used for documenting the auditor's understanding of the internal control structure. These are (FIND): * F = Flowchart * I = Internal Control Questionnaire (ICQ) * N = Narrative or Memorandum * D = Decision ta___/tree

Answer 67

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are different techniques that are commonly used for documenting the auditor's understanding of the internal control structure. These are (FIND): * F = Flowchart * I = Internal Control Questionnaire (ICQ) * N = Narrative or Memorandum * D = Decision table/tree

Question 68

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are different techniques that are commonly used for documenting the auditor's understanding of the internal control structure. These are (FIND): * F = Flowchart * I = Internal Control Questionnaire (ICQ) * N = Narrative or Memorandum * D = Decision table/tr__

Answer 68

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are different techniques that are commonly used for documenting the auditor's understanding of the internal control structure. These are (FIND): * F = Flowchart * I = Internal Control Questionnaire (ICQ) * N = Narrative or Memorandum * D = Decision table/tree

Question 69

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are different techniques that are commonly used for documenting the auditor's understanding of the internal control structure. These are (_____): * F = Flowchart * I = Internal Control Questionnaire (ICQ) * N = Narrative or Memorandum * D = Decision table/tree

Answer 69

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are different techniques that are commonly used for documenting the auditor's understanding of the internal control structure. These are (FIND): * F = Flowchart * I = Internal Control Questionnaire (ICQ) * N = Narrative or Memorandum * D = Decision table/tree

Question 70

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are different techniques that are commonly used for documenting the auditor's understanding of the internal control structure. These are (FIND): * F = Flowchart * I = Internal Control Questionnaire (ICQ) * N = Narrative or Memorandum * D = Decision table/tree • Flow_____ – This is a visual depiction of the internal control structure that shows a process from beginning to end

Answer 70

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are different techniques that are commonly used for documenting the auditor's understanding of the internal control structure. These are (FIND): * F = Flowchart * I = Internal Control Questionnaire (ICQ) * N = Narrative or Memorandum * D = Decision table/tree • Flowchart – This is a visual depiction of the internal control structure that shows a process from beginning to end

Question 71

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are different techniques that are commonly used for documenting the auditor's understanding of the internal control structure. These are (FIND): • F___chart – This is a visual depiction of the internal control structure that shows a process from beginning to end

Answer 71

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are different techniques that are commonly used for documenting the auditor's understanding of the internal control structure. These are (FIND): • Flowchart – This is a visual depiction of the internal control structure that shows a process from beginning to end

Question 72

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are different techniques that are commonly used for documenting the auditor's understanding of the internal control structure. These are (FIND): • Flowchart – This is a vi____ depiction of the internal control structure that shows a process from beginning to end

Answer 72

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are different techniques that are commonly used for documenting the auditor's understanding of the internal control structure. These are (FIND): • Flowchart – This is a visual depiction of the internal control structure that shows a process from beginning to end

Question 73

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are different techniques that are commonly used for documenting the auditor's understanding of the internal control structure. These are (FIND): • Flowchart – This is a visual depiction of the internal con____ structure that shows a process from beginning to end

Answer 73

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are different techniques that are commonly used for documenting the auditor's understanding of the internal control structure. These are (FIND): • Flowchart – This is a visual depiction of the internal control structure that shows a process from beginning to end

Question 74

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are different techniques that are commonly used for documenting the auditor's understanding of the internal control structure. These are (FIND): • Flowchart – This is a visual depiction of the internal control stru____e that shows a process from beginning to end

Answer 74

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are different techniques that are commonly used for documenting the auditor's understanding of the internal control structure. These are (FIND): • Flowchart – This is a visual depiction of the internal control structure that shows a process from beginning to end

Question 75

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are different techniques that are commonly used for documenting the auditor's understanding of the internal control structure. These are (FIND): • Flowchart – This is a visual depiction of the internal control structure that sh__s a process from beginning to end

Answer 75

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are different techniques that are commonly used for documenting the auditor's understanding of the internal control structure. These are (FIND): • Flowchart – This is a visual depiction of the internal control structure that shows a process from beginning to end

Question 76

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are different techniques that are commonly used for documenting the auditor's understanding of the internal control structure. These are (FIND): • Flowchart – This is a visual depiction of the internal control structure that shows a pr____ss from beginning to end

Answer 76

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are different techniques that are commonly used for documenting the auditor's understanding of the internal control structure. These are (FIND): • Flowchart – This is a visual depiction of the internal control structure that shows a process from beginning to end

Question 77

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are different techniques that are commonly used for documenting the auditor's understanding of the internal control structure. These are (FIND): • Flowchart – This is a visual depiction of the internal control structure that shows a process from be____ing to end

Answer 77

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are different techniques that are commonly used for documenting the auditor's understanding of the internal control structure. These are (FIND): • Flowchart – This is a visual depiction of the internal control structure that shows a process from beginning to end

Question 78

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are different techniques that are commonly used for documenting the auditor's understanding of the internal control structure. These are (FIND): • Flowchart – This is a visual depiction of the internal control structure that shows a process from beginning to e__

Answer 78

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are different techniques that are commonly used for documenting the auditor's understanding of the internal control structure. These are (FIND): • Flowchart – This is a visual depiction of the internal control structure that shows a process from beginning to end

Question 79

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are different techniques that are commonly used for documenting the auditor's understanding of the internal control structure. These are (FIND): • Flowchart – This is a visual depiction of the internal control structure that shows a process from beginning to end and ind____es which departments or groups of employees are responsible for each function,

Answer 79

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are different techniques that are commonly used for documenting the auditor's understanding of the internal control structure. These are (FIND): • Flowchart – This is a visual depiction of the internal control structure that shows a process from beginning to end and indicates which departments or groups of employees are responsible for each function,

Question 80

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are different techniques that are commonly used for documenting the auditor's understanding of the internal control structure. These are (FIND): • Flowchart – This is a visual depiction of the internal control structure that shows a process from beginning to end and indicates wh___ departments or groups of employees are responsible for each function,

Answer 80

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are different techniques that are commonly used for documenting the auditor's understanding of the internal control structure. These are (FIND): • Flowchart – This is a visual depiction of the internal control structure that shows a process from beginning to end and indicates which departments or groups of employees are responsible for each function,

Question 81

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are different techniques that are commonly used for documenting the auditor's understanding of the internal control structure. These are (FIND): • Flowchart – This is a visual depiction of the internal control structure that shows a process from beginning to end and indicates which depa______s or groups of employees are responsible for each function,

Answer 81

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are different techniques that are commonly used for documenting the auditor's understanding of the internal control structure. These are (FIND): • Flowchart – This is a visual depiction of the internal control structure that shows a process from beginning to end and indicates which departments or groups of employees are responsible for each function,

Question 82

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are different techniques that are commonly used for documenting the auditor's understanding of the internal control structure. These are (FIND): • Flowchart – This is a visual depiction of the internal control structure that shows a process from beginning to end and indicates which departments or gr____s of employees are responsible for each function,

Answer 82

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are different techniques that are commonly used for documenting the auditor's understanding of the internal control structure. These are (FIND): • Flowchart – This is a visual depiction of the internal control structure that shows a process from beginning to end and indicates which departments or groups of employees are responsible for each function,

Question 83

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are different techniques that are commonly used for documenting the auditor's understanding of the internal control structure. These are (FIND): • Flowchart – This is a visual depiction of the internal control structure that shows a process from beginning to end and indicates which departments or groups of em___ees are responsible for each function,

Answer 83

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are different techniques that are commonly used for documenting the auditor's understanding of the internal control structure. These are (FIND): • Flowchart – This is a visual depiction of the internal control structure that shows a process from beginning to end and indicates which departments or groups of employees are responsible for each function,

Question 84

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are different techniques that are commonly used for documenting the auditor's understanding of the internal control structure. These are (FIND): • Flowchart – This is a visual depiction of the internal control structure that shows a process from beginning to end and indicates which departments or groups of employees are resp_______e for each function,

Answer 84

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are different techniques that are commonly used for documenting the auditor's understanding of the internal control structure. These are (FIND): • Flowchart – This is a visual depiction of the internal control structure that shows a process from beginning to end and indicates which departments or groups of employees are responsible for each function,

Question 85

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are different techniques that are commonly used for documenting the auditor's understanding of the internal control structure. These are (FIND): • Flowchart – This is a visual depiction of the internal control structure that shows a process from beginning to end and indicates which departments or groups of employees are responsible for e___ function,

Answer 85

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are different techniques that are commonly used for documenting the auditor's understanding of the internal control structure. These are (FIND): • Flowchart – This is a visual depiction of the internal control structure that shows a process from beginning to end and indicates which departments or groups of employees are responsible for each function,

Question 86

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are different techniques that are commonly used for documenting the auditor's understanding of the internal control structure. These are (FIND): • Flowchart – This is a visual depiction of the internal control structure that shows a process from beginning to end and indicates which departments or groups of employees are responsible for each fun____n,

Answer 86

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are different techniques that are commonly used for documenting the auditor's understanding of the internal control structure. These are (FIND): • Flowchart – This is a visual depiction of the internal control structure that shows a process from beginning to end and indicates which departments or groups of employees are responsible for each function,

Question 87

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are different techniques that are commonly used for documenting the auditor's understanding of the internal control structure. These are (FIND): • Flowchart – This is a visual depiction of the internal control structure that shows a process from beginning to end and indicates which departments or groups of employees are responsible for each function, wh__ documents are used and how they are distributed and disposed of,

Answer 87

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are different techniques that are commonly used for documenting the auditor's understanding of the internal control structure. These are (FIND): • Flowchart – This is a visual depiction of the internal control structure that shows a process from beginning to end and indicates which departments or groups of employees are responsible for each function, what documents are used and how they are distributed and disposed of,

Question 88

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are different techniques that are commonly used for documenting the auditor's understanding of the internal control structure. These are (FIND): • Flowchart – This is a visual depiction of the internal control structure that shows a process from beginning to end and indicates which departments or groups of employees are responsible for each function, what doc_______s are used and how they are distributed and disposed of,

Answer 88

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are different techniques that are commonly used for documenting the auditor's understanding of the internal control structure. These are (FIND): • Flowchart – This is a visual depiction of the internal control structure that shows a process from beginning to end and indicates which departments or groups of employees are responsible for each function, what documents are used and how they are distributed and disposed of,

Question 89

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are different techniques that are commonly used for documenting the auditor's understanding of the internal control structure. These are (FIND): • Flowchart – This is a visual depiction of the internal control structure that shows a process from beginning to end and indicates which departments or groups of employees are responsible for each function, what documents are u__d and how they are distributed and disposed of,

Answer 89

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are different techniques that are commonly used for documenting the auditor's understanding of the internal control structure. These are (FIND): • Flowchart – This is a visual depiction of the internal control structure that shows a process from beginning to end and indicates which departments or groups of employees are responsible for each function, what documents are used and how they are distributed and disposed of,

Question 90

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are different techniques that are commonly used for documenting the auditor's understanding of the internal control structure. These are (FIND): • Flowchart – This is a visual depiction of the internal control structure that shows a process from beginning to end and indicates which departments or groups of employees are responsible for each function, what documents are used and h__ they are distributed and disposed of,

Answer 90

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are different techniques that are commonly used for documenting the auditor's understanding of the internal control structure. These are (FIND): • Flowchart – This is a visual depiction of the internal control structure that shows a process from beginning to end and indicates which departments or groups of employees are responsible for each function, what documents are used and how they are distributed and disposed of,

Question 91

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are different techniques that are commonly used for documenting the auditor's understanding of the internal control structure. These are (FIND): • Flowchart – This is a visual depiction of the internal control structure that shows a process from beginning to end and indicates which departments or groups of employees are responsible for each function, what documents are used and how they are dis______ed and disposed of,

Answer 91

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are different techniques that are commonly used for documenting the auditor's understanding of the internal control structure. These are (FIND): • Flowchart – This is a visual depiction of the internal control structure that shows a process from beginning to end and indicates which departments or groups of employees are responsible for each function, what documents are used and how they are distributed and disposed of,

Question 92

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are different techniques that are commonly used for documenting the auditor's understanding of the internal control structure. These are (FIND): • Flowchart – This is a visual depiction of the internal control structure that shows a process from beginning to end and indicates which departments or groups of employees are responsible for each function, what documents are used and how they are distributed and dis___ed of,

Answer 92

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are different techniques that are commonly used for documenting the auditor's understanding of the internal control structure. These are (FIND): • Flowchart – This is a visual depiction of the internal control structure that shows a process from beginning to end and indicates which departments or groups of employees are responsible for each function, what documents are used and how they are distributed and disposed of,

Question 93

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are different techniques that are commonly used for documenting the auditor's understanding of the internal control structure. These are (FIND): • Flowchart – This is a visual depiction of the internal control structure that shows a process from beginning to end and indicates which departments or groups of employees are responsible for each function, what documents are used and how they are distributed and disposed of, and the int_______n among departments or groups of employees.

Answer 93

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are different techniques that are commonly used for documenting the auditor's understanding of the internal control structure. These are (FIND): • Flowchart – This is a visual depiction of the internal control structure that shows a process from beginning to end and indicates which departments or groups of employees are responsible for each function, what documents are used and how they are distributed and disposed of, and the interaction among departments or groups of employees.

Question 94

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are different techniques that are commonly used for documenting the auditor's understanding of the internal control structure. These are (FIND): • Flowchart – This is a visual depiction of the internal control structure that shows a process from beginning to end and indicates which departments or groups of employees are responsible for each function, what documents are used and how they are distributed and disposed of, and the interaction among dep_______s or groups of employees.

Answer 94

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are different techniques that are commonly used for documenting the auditor's understanding of the internal control structure. These are (FIND): • Flowchart – This is a visual depiction of the internal control structure that shows a process from beginning to end and indicates which departments or groups of employees are responsible for each function, what documents are used and how they are distributed and disposed of, and the interaction among departments or groups of employees.

Question 95

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are different techniques that are commonly used for documenting the auditor's understanding of the internal control structure. These are (FIND): • Flowchart – This is a visual depiction of the internal control structure that shows a process from beginning to end and indicates which departments or groups of employees are responsible for each function, what documents are used and how they are distributed and disposed of, and the interaction among departments or gro___s of employees.

Answer 95

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are different techniques that are commonly used for documenting the auditor's understanding of the internal control structure. These are (FIND): • Flowchart – This is a visual depiction of the internal control structure that shows a process from beginning to end and indicates which departments or groups of employees are responsible for each function, what documents are used and how they are distributed and disposed of, and the interaction among departments or groups of employees.

Question 96

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are different techniques that are commonly used for documenting the auditor's understanding of the internal control structure. These are (FIND): • Flowchart – This is a visual depiction of the internal control structure that shows a process from beginning to end and indicates which departments or groups of employees are responsible for each function, what documents are used and how they are distributed and disposed of, and the interaction among departments or groups of emp____ees.

Answer 96

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are different techniques that are commonly used for documenting the auditor's understanding of the internal control structure. These are (FIND): • Flowchart – This is a visual depiction of the internal control structure that shows a process from beginning to end and indicates which departments or groups of employees are responsible for each function, what documents are used and how they are distributed and disposed of, and the interaction among departments or groups of employees.

Question 97

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are different techniques that are commonly used for documenting the auditor's understanding of the internal control structure. These are (FIND): • Flowchart – This is a visual depiction of the internal con____ structure that shows a process from beginning to end and indicates which departments or groups of employees are responsible for each function, what documents are used and how they are distributed and disposed of, and the interaction among departments or groups of employees.

Answer 97

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are different techniques that are commonly used for documenting the auditor's understanding of the internal control structure. These are (FIND): • Flowchart – This is a visual depiction of the internal control structure that shows a process from beginning to end and indicates which departments or groups of employees are responsible for each function, what documents are used and how they are distributed and disposed of, and the interaction among departments or groups of employees.

Question 98

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are different techniques that are commonly used for documenting the auditor's understanding of the internal control structure. These are (FIND): • Flowchart – This is a visual depiction of the internal control structure that shows a pro___s from beginning to end and indicates which departments or groups of employees are responsible for each function, what documents are used and how they are distributed and disposed of, and the interaction among departments or groups of employees.

Answer 98

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are different techniques that are commonly used for documenting the auditor's understanding of the internal control structure. These are (FIND): • Flowchart – This is a visual depiction of the internal control structure that shows a process from beginning to end and indicates which departments or groups of employees are responsible for each function, what documents are used and how they are distributed and disposed of, and the interaction among departments or groups of employees.

Question 99

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are different techniques that are commonly used for documenting the auditor's understanding of the internal control structure. These are (FIND): • Flowchart – This is a visual depiction of the internal control structure that shows a process from beginning to end and indicates which departments or groups of employees are responsible for each function, what documents are used and how they are distributed and disposed of, and the interaction among departments or groups of employees. This form of docu________ is particularly helpful in determining if there is adequate segregation of duties as well as tracing documents through the system.

Answer 99

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are different techniques that are commonly used for documenting the auditor's understanding of the internal control structure. These are (FIND): • Flowchart – This is a visual depiction of the internal control structure that shows a process from beginning to end and indicates which departments or groups of employees are responsible for each function, what documents are used and how they are distributed and disposed of, and the interaction among departments or groups of employees. This form of documentation is particularly helpful in determining if there is adequate segregation of duties as well as tracing documents through the system.

Question 100

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are different techniques that are commonly used for documenting the auditor's understanding of the internal control structure. These are (FIND): • Flowchart – This is a visual depiction of the internal control structure that shows a process from beginning to end and indicates which departments or groups of employees are responsible for each function, what documents are used and how they are distributed and disposed of, and the interaction among departments or groups of employees. This fo__ of documentation is particularly helpful in determining if there is adequate segregation of duties as well as tracing documents through the system.

Answer 100

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are different techniques that are commonly used for documenting the auditor's understanding of the internal control structure. These are (FIND): • Flowchart – This is a visual depiction of the internal control structure that shows a process from beginning to end and indicates which departments or groups of employees are responsible for each function, what documents are used and how they are distributed and disposed of, and the interaction among departments or groups of employees. This form of documentation is particularly helpful in determining if there is adequate segregation of duties as well as tracing documents through the system.

Question 101

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are different techniques that are commonly used for documenting the auditor's understanding of the internal control structure. These are (FIND): • Flowchart – This is a visual depiction of the internal control structure that shows a process from beginning to end and indicates which departments or groups of employees are responsible for each function, what documents are used and how they are distributed and disposed of, and the interaction among departments or groups of employees. This form of documentation is particularly he____l in determining if there is adequate segregation of duties as well as tracing documents through the system.

Answer 101

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are different techniques that are commonly used for documenting the auditor's understanding of the internal control structure. These are (FIND): • Flowchart – This is a visual depiction of the internal control structure that shows a process from beginning to end and indicates which departments or groups of employees are responsible for each function, what documents are used and how they are distributed and disposed of, and the interaction among departments or groups of employees. This form of documentation is particularly helpful in determining if there is adequate segregation of duties as well as tracing documents through the system.

Question 102

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are different techniques that are commonly used for documenting the auditor's understanding of the internal control structure. These are (FIND): • Flowchart – This is a visual depiction of the internal control structure that shows a process from beginning to end and indicates which departments or groups of employees are responsible for each function, what documents are used and how they are distributed and disposed of, and the interaction among departments or groups of employees. This form of documentation is particularly helpful in det______ing if there is adequate segregation of duties as well as tracing documents through the system.

Answer 102

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are different techniques that are commonly used for documenting the auditor's understanding of the internal control structure. These are (FIND): • Flowchart – This is a visual depiction of the internal control structure that shows a process from beginning to end and indicates which departments or groups of employees are responsible for each function, what documents are used and how they are distributed and disposed of, and the interaction among departments or groups of employees. This form of documentation is particularly helpful in determining if there is adequate segregation of duties as well as tracing documents through the system.

Question 103

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are different techniques that are commonly used for documenting the auditor's understanding of the internal control structure. These are (FIND): • Flowchart – This is a visual depiction of the internal control structure that shows a process from beginning to end and indicates which departments or groups of employees are responsible for each function, what documents are used and how they are distributed and disposed of, and the interaction among departments or groups of employees. This form of documentation is particularly helpful in determining if there is ad______ segregation of duties as well as tracing documents through the system.

Answer 103

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are different techniques that are commonly used for documenting the auditor's understanding of the internal control structure. These are (FIND): • Flowchart – This is a visual depiction of the internal control structure that shows a process from beginning to end and indicates which departments or groups of employees are responsible for each function, what documents are used and how they are distributed and disposed of, and the interaction among departments or groups of employees. This form of documentation is particularly helpful in determining if there is adequate segregation of duties as well as tracing documents through the system.

Question 104

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are different techniques that are commonly used for documenting the auditor's understanding of the internal control structure. These are (FIND): • Flowchart – This form of documentation is particularly helpful in determining if there is adequate segre______ of duties as well as tracing documents through the system.

Answer 104

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are different techniques that are commonly used for documenting the auditor's understanding of the internal control structure. These are (FIND): • Flowchart – This form of documentation is particularly helpful in determining if there is adequate segregation of duties as well as tracing documents through the system.

Question 105

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are different techniques that are commonly used for documenting the auditor's understanding of the internal control structure. These are (FIND): • Flowchart – This form of documentation is particularly helpful in determining if there is adequate segregation of d__ies as well as tracing documents through the system.

Answer 105

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are different techniques that are commonly used for documenting the auditor's understanding of the internal control structure. These are (FIND): • Flowchart – This form of documentation is particularly helpful in determining if there is adequate segregation of duties as well as tracing documents through the system.

Question 106

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are different techniques that are commonly used for documenting the auditor's understanding of the internal control structure. These are (FIND): • Flowchart – This form of documentation is particularly helpful in determining if there is adequate segregation of duties as well as tr__ing documents through the system.

Answer 106

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are different techniques that are commonly used for documenting the auditor's understanding of the internal control structure. These are (FIND): • Flowchart – This form of documentation is particularly helpful in determining if there is adequate segregation of duties as well as tracing documents through the system.

Question 107

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are different techniques that are commonly used for documenting the auditor's understanding of the internal control structure. These are (FIND): • Flowchart – This form of documentation is particularly helpful in determining if there is adequate segregation of duties as well as tracing doc_____ts through the system.

Answer 107

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are different techniques that are commonly used for documenting the auditor's understanding of the internal control structure. These are (FIND): • Flowchart – This form of documentation is particularly helpful in determining if there is adequate segregation of duties as well as tracing documents through the system.

Question 108

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are different techniques that are commonly used for documenting the auditor's understanding of the internal control structure. These are (FIND): • Flowchart – This form of documentation is particularly helpful in determining if there is adequate segregation of duties as well as tracing documents through the sys___.

Answer 108

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are different techniques that are commonly used for documenting the auditor's understanding of the internal control structure. These are (FIND): • Flowchart –This form of documentation is particularly helpful in determining if there is adequate segregation of duties as well as tracing documents through the system.

Question 109

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are different techniques that are commonly used for documenting the auditor's understanding of the internal control structure. These are (FIND): • Flowchart – This form of documentation is particularly helpful in determining if there is adequate segregation of duties as well as tracing documents through the system. Flowcharting re____es knowledge of specialized symbols but does a good job of giving the auditor a sense of the flow and sequence of transactions in the client entity.

Answer 109

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are different techniques that are commonly used for documenting the auditor's understanding of the internal control structure. These are (FIND): • Flowchart – This form of documentation is particularly helpful in determining if there is adequate segregation of duties as well as tracing documents through the system. Flowcharting requires knowledge of specialized symbols but does a good job of giving the auditor a sense of the flow and sequence of transactions in the client entity.

Question 110

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are different techniques that are commonly used for documenting the auditor's understanding of the internal control structure. These are (FIND): • Flowchart – Flow_____ing requires knowledge of specialized symbols but does a good job of giving the auditor a sense of the flow and sequence of transactions in the client entity.

Answer 110

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are different techniques that are commonly used for documenting the auditor's understanding of the internal control structure. These are (FIND): • Flowchart – Flowcharting requires knowledge of specialized symbols but does a good job of giving the auditor a sense of the flow and sequence of transactions in the client entity.

Question 111

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are different techniques that are commonly used for documenting the auditor's understanding of the internal control structure. These are (FIND): • Flowchart – Flowcharting requires kno_______ of specialized symbols but does a good job of giving the auditor a sense of the flow and sequence of transactions in the client entity.

Answer 111

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are different techniques that are commonly used for documenting the auditor's understanding of the internal control structure. These are (FIND): • Flowchart – Flowcharting requires knowledge of specialized symbols but does a good job of giving the auditor a sense of the flow and sequence of transactions in the client entity.

Question 112

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are different techniques that are commonly used for documenting the auditor's understanding of the internal control structure. These are (FIND): • Flowchart – Flowcharting requires knowledge of spe______ed symbols but does a good job of giving the auditor a sense of the flow and sequence of transactions in the client entity.

Answer 112

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are different techniques that are commonly used for documenting the auditor's understanding of the internal control structure. These are (FIND): • Flowchart – Flowcharting requires knowledge of specialized symbols but does a good job of giving the auditor a sense of the flow and sequence of transactions in the client entity.

Question 113

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are different techniques that are commonly used for documenting the auditor's understanding of the internal control structure. These are (FIND): • Flowchart – Flowcharting requires knowledge of specialized sym___s but does a good job of giving the auditor a sense of the flow and sequence of transactions in the client entity.

Answer 113

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are different techniques that are commonly used for documenting the auditor's understanding of the internal control structure. These are (FIND): • Flowchart – Flowcharting requires knowledge of specialized symbols but does a good job of giving the auditor a sense of the flow and sequence of transactions in the client entity.

Question 114

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are different techniques that are commonly used for documenting the auditor's understanding of the internal control structure. These are (FIND): • Flowchart – Flowcharting requires knowledge of specialized symbols but does a good job of g__ing the auditor a sense of the flow and sequence of transactions in the client entity.

Answer 114

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are different techniques that are commonly used for documenting the auditor's understanding of the internal control structure. These are (FIND): • Flowchart – Flowcharting requires knowledge of specialized symbols but does a good job of giving the auditor a sense of the flow and sequence of transactions in the client entity.

Question 115

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are different techniques that are commonly used for documenting the auditor's understanding of the internal control structure. These are (FIND): • Flowchart – Flowcharting requires knowledge of specialized symbols but does a good job of giving the auditor a s___e of the flow and sequence of transactions in the client entity.

Answer 115

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are different techniques that are commonly used for documenting the auditor's understanding of the internal control structure. These are (FIND): • Flowchart – Flowcharting requires knowledge of specialized symbols but does a good job of giving the auditor a sense of the flow and sequence of transactions in the client entity.

Question 116

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are different techniques that are commonly used for documenting the auditor's understanding of the internal control structure. These are (FIND): • Flowchart – Flowcharting requires knowledge of specialized symbols but does a good job of giving the auditor a sense of the fl__ and sequence of transactions in the client entity.

Answer 116

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are different techniques that are commonly used for documenting the auditor's understanding of the internal control structure. These are (FIND): • Flowchart – Flowcharting requires knowledge of specialized symbols but does a good job of giving the auditor a sense of the flow and sequence of transactions in the client entity.

Question 117

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are different techniques that are commonly used for documenting the auditor's understanding of the internal control structure. These are (FIND): • Flowchart – Flowcharting requires knowledge of specialized symbols but does a good job of giving the auditor a sense of the flow and sequ____e of transactions in the client entity.

Answer 117

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are different techniques that are commonly used for documenting the auditor's understanding of the internal control structure. These are (FIND): • Flowchart – Flowcharting requires knowledge of specialized symbols but does a good job of giving the auditor a sense of the flow and sequence of transactions in the client entity.

Question 118

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are different techniques that are commonly used for documenting the auditor's understanding of the internal control structure. These are (FIND): • Flowchart – Flowcharting requires knowledge of specialized symbols but does a good job of giving the auditor a sense of the flow and sequence of trans______s in the client entity.

Answer 118

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are different techniques that are commonly used for documenting the auditor's understanding of the internal control structure. These are (FIND): • Flowchart – Flowcharting requires knowledge of specialized symbols but does a good job of giving the auditor a sense of the flow and sequence of transactions in the client entity.

Question 119

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are different techniques that are commonly used for documenting the auditor's understanding of the internal control structure. These are (FIND): • Flowchart – Flowcharting requires knowledge of specialized symbols but does a good job of giving the auditor a sense of the flow and sequence of transactions in the cli___ entity.

Answer 119

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are different techniques that are commonly used for documenting the auditor's understanding of the internal control structure. These are (FIND): • Flowchart – Flowcharting requires knowledge of specialized symbols but does a good job of giving the auditor a sense of the flow and sequence of transactions in the client entity.

Question 120

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are different techniques that are commonly used for documenting the auditor's understanding of the internal control structure. These are (FIND): • Flowchart – Flowcharting requires knowledge of specialized symbols but does a good job of giving the auditor a sense of the flow and sequence of transactions in the client e____y.

Answer 120

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are different techniques that are commonly used for documenting the auditor's understanding of the internal control structure. These are (FIND): • Flowchart – Flowcharting requires knowledge of specialized symbols but does a good job of giving the auditor a sense of the flow and sequence of transactions in the client entity.

Question 121

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are different techniques that are commonly used for documenting the auditor's understanding of the internal control structure. These are (FIND): • Flowchart – This is a vi____ depiction of the internal control structure that shows a process from beginning to end and indicates which departments or groups of employees are responsible for each function, what documents are used and how they are distributed and disposed of, and the interaction among departments or groups of employees. This form of documentation is particularly helpful in determining if there is adequate segregation of duties as well as tracing documents through the system. Flowcharting requires knowledge of specialized symbols but does a good job of giving the auditor a sense of the flow and sequence of transactions in the client entity.

Answer 121

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are different techniques that are commonly used for documenting the auditor's understanding of the internal control structure. These are (FIND): • Flowchart – This is a visual depiction of the internal control structure that shows a process from beginning to end and indicates which departments or groups of employees are responsible for each function, what documents are used and how they are distributed and disposed of, and the interaction among departments or groups of employees. This form of documentation is particularly helpful in determining if there is adequate segregation of duties as well as tracing documents through the system. Flowcharting requires knowledge of specialized symbols but does a good job of giving the auditor a sense of the flow and sequence of transactions in the client entity.

Question 122

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are different techniques that are commonly used for documenting the auditor's understanding of the internal control structure. These are (FIND): • Flowchart – This is a visual depiction of the internal control structure that shows a process from beginning to end and indicates which departments or groups of employees are responsible for each function, what documents are used and how they are distributed and disposed of, and the interaction among departments or groups of employees. This form of documentation is particularly helpful in determining if there is adequate segr_______n of duties as well as tracing documents through the system. Flowcharting requires knowledge of specialized symbols but does a good job of giving the auditor a sense of the flow and sequence of transactions in the client entity.

Answer 122

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are different techniques that are commonly used for documenting the auditor's understanding of the internal control structure. These are (FIND): • Flowchart – This is a visual depiction of the internal control structure that shows a process from beginning to end and indicates which departments or groups of employees are responsible for each function, what documents are used and how they are distributed and disposed of, and the interaction among departments or groups of employees. This form of documentation is particularly helpful in determining if there is adequate segregation of duties as well as tracing documents through the system. Flowcharting requires knowledge of specialized symbols but does a good job of giving the auditor a sense of the flow and sequence of transactions in the client entity.

Question 123

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are different techniques that are commonly used for documenting the auditor's understanding of the internal control structure. These are (FIND): • Flowchart – This is a visual depiction of the internal control struc____ that shows a process from beginning to end and indicates which departments or groups of employees are responsible for each function, what documents are used and how they are distributed and disposed of, and the interaction among departments or groups of employees. This form of documentation is particularly helpful in determining if there is adequate segregation of duties as well as tracing documents through the system. Flowcharting requires knowledge of specialized symbols but does a good job of giving the auditor a sense of the flow and sequence of transactions in the client entity.

Answer 123

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are different techniques that are commonly used for documenting the auditor's understanding of the internal control structure. These are (FIND): • Flowchart – This is a visual depiction of the internal control structure that shows a process from beginning to end and indicates which departments or groups of employees are responsible for each function, what documents are used and how they are distributed and disposed of, and the interaction among departments or groups of employees. This form of documentation is particularly helpful in determining if there is adequate segregation of duties as well as tracing documents through the system. Flowcharting requires knowledge of specialized symbols but does a good job of giving the auditor a sense of the flow and sequence of transactions in the client entity.

Question 124

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are different techniques that are commonly used for documenting the auditor's understanding of the internal control structure. These are (FIND): • Flowchart – This is a visual depiction of the internal control structure that shows a process from beginning to end and indicates which departments or groups of employees are responsible for each function, what documents are used and how they are distributed and disposed of, and the interaction among departments or groups of employees. This form of documentation is particularly helpful in determining if there is adequate segregation of duties as well as tr__ing documents through the system. Flowcharting requires knowledge of specialized symbols but does a good job of giving the auditor a sense of the flow and sequence of transactions in the client entity.

Answer 124

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are different techniques that are commonly used for documenting the auditor's understanding of the internal control structure. These are (FIND): • Flowchart – This is a visual depiction of the internal control structure that shows a process from beginning to end and indicates which departments or groups of employees are responsible for each function, what documents are used and how they are distributed and disposed of, and the interaction among departments or groups of employees. This form of documentation is particularly helpful in determining if there is adequate segregation of duties as well as tracing documents through the system. Flowcharting requires knowledge of specialized symbols but does a good job of giving the auditor a sense of the flow and sequence of transactions in the client entity.

Question 125

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are different techniques that are commonly used for documenting the auditor's understanding of the internal control structure. These are (FIND): • Flowchart – This is a visual depiction of the internal control structure that shows a process from beginning to end and indicates which departments or groups of employees are responsible for each function, what documents are used and how they are distributed and disposed of, and the interaction among departments or groups of employees. This form of documentation is particularly helpful in determining if there is adequate segregation of duties as well as tracing documents through the system. Flowcharting requires knowledge of specialized symbols but does a good job of giving the auditor a sense of the flow and sequ____ of transactions in the client entity.

Answer 125

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are different techniques that are commonly used for documenting the auditor's understanding of the internal control structure. These are (FIND): • Flowchart – This is a visual depiction of the internal control structure that shows a process from beginning to end and indicates which departments or groups of employees are responsible for each function, what documents are used and how they are distributed and disposed of, and the interaction among departments or groups of employees. This form of documentation is particularly helpful in determining if there is adequate segregation of duties as well as tracing documents through the system. Flowcharting requires knowledge of specialized symbols but does a good job of giving the auditor a sense of the flow and sequence of transactions in the client entity.

Question 126

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are different techniques that are commonly used for documenting the auditor's understanding of the internal control structure. These are (FIND): • Flowchart o Testing on the CPA exam has been li___ed to reading flowcharts and then answering conventional questions about strengths and weaknesses in the internal control structure, and has never involved their preparation.

Answer 126

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are different techniques that are commonly used for documenting the auditor's understanding of the internal control structure. These are (FIND): • Flowchart o Testing on the CPA exam has been limited to reading flowcharts and then answering conventional questions about strengths and weaknesses in the internal control structure, and has never involved their preparation.

Question 127

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are different techniques that are commonly used for documenting the auditor's understanding of the internal control structure. These are (FIND): • Flowchart o Testing on the CPA exam has been limited to r___ing flowcharts and then answering conventional questions about strengths and weaknesses in the internal control structure, and has never involved their preparation.

Answer 127

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are different techniques that are commonly used for documenting the auditor's understanding of the internal control structure. These are (FIND): • Flowchart o Testing on the CPA exam has been limited to reading flowcharts and then answering conventional questions about strengths and weaknesses in the internal control structure, and has never involved their preparation.

Question 128

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are different techniques that are commonly used for documenting the auditor's understanding of the internal control structure. These are (FIND): • Flowchart o Testing on the CPA exam has been limited to reading flowcharts and then answering conventional questions about str______s and weaknesses in the internal control structure, and has never involved their preparation.

Answer 128

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are different techniques that are commonly used for documenting the auditor's understanding of the internal control structure. These are (FIND): • Flowchart o Testing on the CPA exam has been limited to reading flowcharts and then answering conventional questions about strengths and weaknesses in the internal control structure, and has never involved their preparation.

Question 129

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are different techniques that are commonly used for documenting the auditor's understanding of the internal control structure. These are (FIND): • Flowchart o Testing on the CPA exam has been limited to reading flowcharts and then answering conventional questions about strengths and wea______es in the internal control structure, and has never involved their preparation.

Answer 129

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are different techniques that are commonly used for documenting the auditor's understanding of the internal control structure. These are (FIND): • Flowchart o Testing on the CPA exam has been limited to reading flowcharts and then answering conventional questions about strengths and weaknesses in the internal control structure, and has never involved their preparation.

Question 130

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are different techniques that are commonly used for documenting the auditor's understanding of the internal control structure. These are (FIND): • Flowchart o Testing on the CPA exam has been limited to reading flowcharts and then answering conventional questions about strengths and weaknesses in the internal control structure, and has never involved their preparation. o Historically, exam questions have been written so that the candidate could und_______d flowcharts provided, even if they had no prior knowledge of the standard meaning of the various symbols, and we do not suggest using your valuable study time in an attempt to learn all the symbols.

Answer 130

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are different techniques that are commonly used for documenting the auditor's understanding of the internal control structure. These are (FIND): • Flowchart o Testing on the CPA exam has been limited to reading flowcharts and then answering conventional questions about strengths and weaknesses in the internal control structure, and has never involved their preparation. o Historically, exam questions have been written so that the candidate could understand flowcharts provided, even if they had no prior knowledge of the standard meaning of the various symbols, and we do not suggest using your valuable study time in an attempt to learn all the symbols.

Question 131

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are different techniques that are commonly used for documenting the auditor's understanding of the internal control structure. These are (FIND): • Flowchart o Testing on the CPA exam has been limited to reading flowcharts and then answering conventional questions about strengths and weaknesses in the internal control structure, and has never involved their preparation. o Historically, exam questions have been written so that the candidate could understand flow____s provided, even if they had no prior knowledge of the standard meaning of the various symbols, and we do not suggest using your valuable study time in an attempt to learn all the symbols.

Answer 131

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are different techniques that are commonly used for documenting the auditor's understanding of the internal control structure. These are (FIND): • Flowchart o Testing on the CPA exam has been limited to reading flowcharts and then answering conventional questions about strengths and weaknesses in the internal control structure, and has never involved their preparation. o Historically, exam questions have been written so that the candidate could understand flowcharts provided, even if they had no prior knowledge of the standard meaning of the various symbols, and we do not suggest using your valuable study time in an attempt to learn all the symbols.

Question 132

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are different techniques that are commonly used for documenting the auditor's understanding of the internal control structure. These are (FIND): • Flowchart o Testing on the CPA exam has been limited to reading flowcharts and then answering conventional questions about strengths and weaknesses in the internal control structure, and has never involved their preparation. o Historically, exam questions have been written so that the candidate could understand flowcharts provided, even if they had no p____ knowledge of the standard meaning of the various symbols, and we do not suggest using your valuable study time in an attempt to learn all the symbols.

Answer 132

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are different techniques that are commonly used for documenting the auditor's understanding of the internal control structure. These are (FIND): • Flowchart o Testing on the CPA exam has been limited to reading flowcharts and then answering conventional questions about strengths and weaknesses in the internal control structure, and has never involved their preparation. o Historically, exam questions have been written so that the candidate could understand flowcharts provided, even if they had no prior knowledge of the standard meaning of the various symbols, and we do not suggest using your valuable study time in an attempt to learn all the symbols.

Question 133

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are different techniques that are commonly used for documenting the auditor's understanding of the internal control structure. These are (FIND): • Flowchart o Testing on the CPA exam has been limited to reading flowcharts and then answering conventional questions about strengths and weaknesses in the internal control structure, and has never involved their preparation. o Historically, exam questions have been written so that the candidate could understand flowcharts provided, even if they had no prior knowledge of the standard meaning of the various sym___s, and we do not suggest using your valuable study time in an attempt to learn all the symbols.

Answer 133

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are different techniques that are commonly used for documenting the auditor's understanding of the internal control structure. These are (FIND): • Flowchart o Testing on the CPA exam has been limited to reading flowcharts and then answering conventional questions about strengths and weaknesses in the internal control structure, and has never involved their preparation. o Historically, exam questions have been written so that the candidate could understand flowcharts provided, even if they had no prior knowledge of the standard meaning of the various symbols, and we do not suggest using your valuable study time in an attempt to learn all the symbols.

Question 134

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are different techniques that are commonly used for documenting the auditor's understanding of the internal control structure. These are (FIND): * F = Flowchart * I = Internal Control Questionnaire (ICQ) * N = Narrative or Memorandum * D = Decision table/tree • Internal Con____ Questionnaire (ICQ) – This is usually in the form of a series of questions that can be answered with a simple yes or no.

Answer 134

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are different techniques that are commonly used for documenting the auditor's understanding of the internal control structure. These are (FIND): * F = Flowchart * I = Internal Control Questionnaire (ICQ) * N = Narrative or Memorandum * D = Decision table/tree • Internal Control Questionnaire (ICQ) – This is usually in the form of a series of questions that can be answered with a simple yes or no.

Question 135

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are different techniques that are commonly used for documenting the auditor's understanding of the internal control structure. These are (FIND): * F = Flowchart * I = Internal Control Questionnaire (ICQ) * N = Narrative or Memorandum * D = Decision table/tree • Internal Control Quest_______ (ICQ) – This is usually in the form of a series of questions that can be answered with a simple yes or no.

Answer 135

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are different techniques that are commonly used for documenting the auditor's understanding of the internal control structure. These are (FIND): * F = Flowchart * I = Internal Control Questionnaire (ICQ) * N = Narrative or Memorandum * D = Decision table/tree • Internal Control Questionnaire (ICQ) – This is usually in the form of a series of questions that can be answered with a simple yes or no.

Question 136

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are different techniques that are commonly used for documenting the auditor's understanding of the internal control structure. These are (FIND): • Internal Control Questionnaire (ICQ) – This is usually in the fo__ of a series of questions that can be answered with a simple yes or no.

Answer 136

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are different techniques that are commonly used for documenting the auditor's understanding of the internal control structure. These are (FIND): • Internal Control Questionnaire (ICQ) – This is usually in the form of a series of questions that can be answered with a simple yes or no.

Question 137

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are different techniques that are commonly used for documenting the auditor's understanding of the internal control structure. These are (FIND): • Internal Control Questionnaire (ICQ) – This is usually in the form of a series of que_____s that can be answered with a simple yes or no.

Answer 137

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are different techniques that are commonly used for documenting the auditor's understanding of the internal control structure. These are (FIND): • Internal Control Questionnaire (ICQ) – This is usually in the form of a series of questions that can be answered with a simple yes or no.

Question 138

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are different techniques that are commonly used for documenting the auditor's understanding of the internal control structure. These are (FIND): • Internal Control Questionnaire (ICQ) – This is usually in the form of a series of questions that can be answered with a simple y__ or no.

Answer 138

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are different techniques that are commonly used for documenting the auditor's understanding of the internal control structure. These are (FIND): • Internal Control Questionnaire (ICQ) – This is usually in the form of a series of questions that can be answered with a simple yes or no.

Question 139

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are different techniques that are commonly used for documenting the auditor's understanding of the internal control structure. These are (FIND): • Internal Control Questionnaire (ICQ) – This is usually in the form of a series of questions that can be answered with a simple yes or n_.

Answer 139

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are different techniques that are commonly used for documenting the auditor's understanding of the internal control structure. These are (FIND): • Internal Control Questionnaire (ICQ) – This is usually in the form of a series of questions that can be answered with a simple yes or no.

Question 140

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are different techniques that are commonly used for documenting the auditor's understanding of the internal control structure. These are (FIND): • Internal Control Questionnaire (ICQ) – This is usually in the form of a series of questions that can be answered with a simple yes or no. They are usually de____ed so that a yes answer indicates that a control is properly in place (strength) and a no answer indicates a potential weakness.

Answer 140

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are different techniques that are commonly used for documenting the auditor's understanding of the internal control structure. These are (FIND): • Internal Control Questionnaire (ICQ) – This is usually in the form of a series of questions that can be answered with a simple yes or no. They are usually designed so that a yes answer indicates that a control is properly in place (strength) and a no answer indicates a potential weakness.

Question 141

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are different techniques that are commonly used for documenting the auditor's understanding of the internal control structure. These are (FIND): • Internal Control Questionnaire (ICQ) – This is usually in the form of a series of questions that can be answered with a simple yes or no. They are usually designed so that a y__ answer indicates that a control is properly in place (strength) and a no answer indicates a potential weakness.

Answer 141

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are different techniques that are commonly used for documenting the auditor's understanding of the internal control structure. These are (FIND): • Internal Control Questionnaire (ICQ) – This is usually in the form of a series of questions that can be answered with a simple yes or no. They are usually designed so that a yes answer indicates that a control is properly in place (strength) and a no answer indicates a potential weakness.

Question 142

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are different techniques that are commonly used for documenting the auditor's understanding of the internal control structure. These are (FIND): • Internal Control Questionnaire (ICQ) – This is usually in the form of a series of questions that can be answered with a simple yes or no. They are usually designed so that a yes answer indicates that a control is properly in pl___ (strength) and a no answer indicates a potential weakness.

Answer 142

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are different techniques that are commonly used for documenting the auditor's understanding of the internal control structure. These are (FIND): • Internal Control Questionnaire (ICQ) – This is usually in the form of a series of questions that can be answered with a simple yes or no. They are usually designed so that a yes answer indicates that a control is properly in place (strength) and a no answer indicates a potential weakness.

Question 143

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are different techniques that are commonly used for documenting the auditor's understanding of the internal control structure. These are (FIND): • Internal Control Questionnaire (ICQ) – This is usually in the form of a series of questions that can be answered with a simple yes or no. They are usually designed so that a yes answer indicates that a control is properly in place (str____h) and a no answer indicates a potential weakness.

Answer 143

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are different techniques that are commonly used for documenting the auditor's understanding of the internal control structure. These are (FIND): • Internal Control Questionnaire (ICQ) – This is usually in the form of a series of questions that can be answered with a simple yes or no. They are usually designed so that a yes answer indicates that a control is properly in place (strength) and a no answer indicates a potential weakness.

Question 144

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are different techniques that are commonly used for documenting the auditor's understanding of the internal control structure. These are (FIND): • Internal Control Questionnaire (ICQ) – This is usually in the form of a series of questions that can be answered with a simple yes or no. They are usually designed so that a yes answer indicates that a control is properly in place (strength) and a n_ answer indicates a potential weakness.

Answer 144

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are different techniques that are commonly used for documenting the auditor's understanding of the internal control structure. These are (FIND): • Internal Control Questionnaire (ICQ) – This is usually in the form of a series of questions that can be answered with a simple yes or no. They are usually designed so that a yes answer indicates that a control is properly in place (strength) and a no answer indicates a potential weakness.

Question 145

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are different techniques that are commonly used for documenting the auditor's understanding of the internal control structure. These are (FIND): • Internal Control Questionnaire (ICQ) – This is usually in the form of a series of questions that can be answered with a simple yes or no. They are usually designed so that a yes answer indicates that a control is properly in place (strength) and a no answer indicates a potential wea___ss.

Answer 145

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are different techniques that are commonly used for documenting the auditor's understanding of the internal control structure. These are (FIND): • Internal Control Questionnaire (ICQ) – This is usually in the form of a series of questions that can be answered with a simple yes or no. They are usually designed so that a yes answer indicates that a control is properly in place (strength) and a no answer indicates a potential weakness.

Question 146

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are different techniques that are commonly used for documenting the auditor's understanding of the internal control structure. These are (FIND): • Internal Control Questionnaire (ICQ) – This is usually in the form of a series of questions that can be answered with a simple yes or no. They are usually designed so that a yes answer indicates that a control is properly in place (strength) and a no answer indicates a pot______l weakness.

Answer 146

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are different techniques that are commonly used for documenting the auditor's understanding of the internal control structure. These are (FIND): • Internal Control Questionnaire (ICQ) – This is usually in the form of a series of questions that can be answered with a simple yes or no. They are usually designed so that a yes answer indicates that a control is properly in place (strength) and a no answer indicates a potential weakness.

Question 147

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are different techniques that are commonly used for documenting the auditor's understanding of the internal control structure. These are (FIND): • Internal Control Questionnaire (ICQ) – This is usually in the form of a series of questions that can be answered with a simple yes or no. They are usually designed so that a yes answer indicates that a control is properly in place (strength) and a no answer indicates a potential weakness. An advantage is that it ea__ly identifies potential weaknesses in internal control

Answer 147

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are different techniques that are commonly used for documenting the auditor's understanding of the internal control structure. These are (FIND): • Internal Control Questionnaire (ICQ) – This is usually in the form of a series of questions that can be answered with a simple yes or no. They are usually designed so that a yes answer indicates that a control is properly in place (strength) and a no answer indicates a potential weakness. An advantage is that it easily identifies potential weaknesses in internal control

Question 148

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are different techniques that are commonly used for documenting the auditor's understanding of the internal control structure. These are (FIND): • Internal Control Questionnaire (ICQ) – An adv_______ is that it easily identifies potential weaknesses in internal control

Answer 148

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are different techniques that are commonly used for documenting the auditor's understanding of the internal control structure. These are (FIND): • Internal Control Questionnaire (ICQ) – An advantage is that it easily identifies potential weaknesses in internal control

Question 149

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are different techniques that are commonly used for documenting the auditor's understanding of the internal control structure. These are (FIND): • Internal Control Questionnaire (ICQ) – An advantage is that it easily id____ies potential weaknesses in internal control

Answer 149

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are different techniques that are commonly used for documenting the auditor's understanding of the internal control structure. These are (FIND): • Internal Control Questionnaire (ICQ) – An advantage is that it easily identifies potential weaknesses in internal control

Question 150

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are different techniques that are commonly used for documenting the auditor's understanding of the internal control structure. These are (FIND): • Internal Control Questionnaire (ICQ) – An advantage is that it easily identifies pot______ weaknesses in internal control

Answer 150

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are different techniques that are commonly used for documenting the auditor's understanding of the internal control structure. These are (FIND): • Internal Control Questionnaire (ICQ) – An advantage is that it easily identifies potential weaknesses in internal control

Question 151

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are different techniques that are commonly used for documenting the auditor's understanding of the internal control structure. These are (FIND): • Internal Control Questionnaire (ICQ) – An advantage is that it easily identifies potential wea_____es in internal control

Answer 151

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are different techniques that are commonly used for documenting the auditor's understanding of the internal control structure. These are (FIND): • Internal Control Questionnaire (ICQ) – An advantage is that it easily identifies potential weaknesses in internal control

Question 152

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are different techniques that are commonly used for documenting the auditor's understanding of the internal control structure. These are (FIND): • Internal Control Questionnaire (ICQ) – An advantage is that it easily identifies potential weaknesses in internal con____ but it is difficult to develop a complete and comprehensive questionnaire

Answer 152

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are different techniques that are commonly used for documenting the auditor's understanding of the internal control structure. These are (FIND): • Internal Control Questionnaire (ICQ) – An advantage is that it easily identifies potential weaknesses in internal control but it is difficult to develop a complete and comprehensive questionnaire

Question 153

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are different techniques that are commonly used for documenting the auditor's understanding of the internal control structure. These are (FIND): • Internal Control Questionnaire (ICQ) – An advantage is that it easily identifies potential weaknesses in internal control but it is diff____ to develop a complete and comprehensive questionnaire

Answer 153

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are different techniques that are commonly used for documenting the auditor's understanding of the internal control structure. These are (FIND): • Internal Control Questionnaire (ICQ) – An advantage is that it easily identifies potential weaknesses in internal control but it is difficult to develop a complete and comprehensive questionnaire

Question 154

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are different techniques that are commonly used for documenting the auditor's understanding of the internal control structure. These are (FIND): • Internal Control Questionnaire (ICQ) – An advantage is that it easily identifies potential weaknesses in internal control but it is difficult to dev_____ a complete and comprehensive questionnaire

Answer 154

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are different techniques that are commonly used for documenting the auditor's understanding of the internal control structure. These are (FIND): • Internal Control Questionnaire (ICQ) – An advantage is that it easily identifies potential weaknesses in internal control but it is difficult to develop a complete and comprehensive questionnaire

Question 155

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are different techniques that are commonly used for documenting the auditor's understanding of the internal control structure. These are (FIND): • Internal Control Questionnaire (ICQ) – An advantage is that it easily identifies potential weaknesses in internal control but it is difficult to develop a comp____ and comprehensive questionnaire

Answer 155

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are different techniques that are commonly used for documenting the auditor's understanding of the internal control structure. These are (FIND): • Internal Control Questionnaire (ICQ) – An advantage is that it easily identifies potential weaknesses in internal control but it is difficult to develop a complete and comprehensive questionnaire

Question 156

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are different techniques that are commonly used for documenting the auditor's understanding of the internal control structure. These are (FIND): • Internal Control Questionnaire (ICQ) – An advantage is that it easily identifies potential weaknesses in internal control but it is difficult to develop a complete and compre______ questionnaire

Answer 156

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are different techniques that are commonly used for documenting the auditor's understanding of the internal control structure. These are (FIND): • Internal Control Questionnaire (ICQ) – An advantage is that it easily identifies potential weaknesses in internal control but it is difficult to develop a complete and comprehensive questionnaire

Question 157

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are different techniques that are commonly used for documenting the auditor's understanding of the internal control structure. These are (FIND): • Internal Control Questionnaire (ICQ) – An advantage is that it easily identifies potential weaknesses in internal control but it is difficult to develop a complete and comprehensive questionnaire and it is diff_____ to obtain an understanding of the flow of the system using it.

Answer 157

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are different techniques that are commonly used for documenting the auditor's understanding of the internal control structure. These are (FIND): • Internal Control Questionnaire (ICQ) – An advantage is that it easily identifies potential weaknesses in internal control but it is difficult to develop a complete and comprehensive questionnaire and it is difficult to obtain an understanding of the flow of the system using it.

Question 158

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are different techniques that are commonly used for documenting the auditor's understanding of the internal control structure. These are (FIND): • Internal Control Questionnaire (ICQ) – An advantage is that it easily identifies potential weaknesses in internal control but it is difficult to develop a complete and comprehensive questionnaire and it is difficult to ob____ an understanding of the flow of the system using it.

Answer 158

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are different techniques that are commonly used for documenting the auditor's understanding of the internal control structure. These are (FIND): • Internal Control Questionnaire (ICQ) – An advantage is that it easily identifies potential weaknesses in internal control but it is difficult to develop a complete and comprehensive questionnaire and it is difficult to obtain an understanding of the flow of the system using it.

Question 159

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are different techniques that are commonly used for documenting the auditor's understanding of the internal control structure. These are (FIND): • Internal Control Questionnaire (ICQ) – An advantage is that it easily identifies potential weaknesses in internal control but it is difficult to develop a complete and comprehensive questionnaire and it is difficult to obtain an un________ing of the flow of the system using it.

Answer 159

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are different techniques that are commonly used for documenting the auditor's understanding of the internal control structure. These are (FIND): • Internal Control Questionnaire (ICQ) – An advantage is that it easily identifies potential weaknesses in internal control but it is difficult to develop a complete and comprehensive questionnaire and it is difficult to obtain an understanding of the flow of the system using it.

Question 160

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are different techniques that are commonly used for documenting the auditor's understanding of the internal control structure. These are (FIND): • Internal Control Questionnaire (ICQ) – An advantage is that it easily identifies potential weaknesses in internal control but it is difficult to develop a complete and comprehensive questionnaire and it is difficult to obtain an understanding of the fl__ of the system using it.

Answer 160

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are different techniques that are commonly used for documenting the auditor's understanding of the internal control structure. These are (FIND): • Internal Control Questionnaire (ICQ) – An advantage is that it easily identifies potential weaknesses in internal control but it is difficult to develop a complete and comprehensive questionnaire and it is difficult to obtain an understanding of the flow of the system using it.

Question 161

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are different techniques that are commonly used for documenting the auditor's understanding of the internal control structure. These are (FIND): • Internal Control Questionnaire (ICQ) – An advantage is that it easily identifies potential weaknesses in internal control but it is difficult to develop a complete and comprehensive questionnaire and it is difficult to obtain an understanding of the flow of the sys___ using it.

Answer 161

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are different techniques that are commonly used for documenting the auditor's understanding of the internal control structure. These are (FIND): • Internal Control Questionnaire (ICQ) – An advantage is that it easily identifies potential weaknesses in internal control but it is difficult to develop a complete and comprehensive questionnaire and it is difficult to obtain an understanding of the flow of the system using it.

Question 162

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are different techniques that are commonly used for documenting the auditor's understanding of the internal control structure. These are (FIND): • Internal Control Questionnaire (ICQ) – An adv_______ is that it easily identifies potential weaknesses in internal control but it is difficult to develop a complete and comprehensive questionnaire and it is difficult to obtain an understanding of the flow of the system using it.

Answer 162

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are different techniques that are commonly used for documenting the auditor's understanding of the internal control structure. These are (FIND): • Internal Control Questionnaire (ICQ) – An advantage is that it easily identifies potential weaknesses in internal control but it is difficult to develop a complete and comprehensive questionnaire and it is difficult to obtain an understanding of the flow of the system using it.

Question 163

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are different techniques that are commonly used for documenting the auditor's understanding of the internal control structure. These are (FIND): • Internal Control Questionnaire (ICQ) – This is usually in the f___ of a series of questions that can be answered with a simple yes or no. They are usually designed so that a yes answer indicates that a control is properly in place (strength) and a no answer indicates a potential weakness. An advantage is that it easily identifies potential weaknesses in internal control but it is difficult to develop a complete and comprehensive questionnaire and it is difficult to obtain an understanding of the flow of the system using it.

Answer 163

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are different techniques that are commonly used for documenting the auditor's understanding of the internal control structure. These are (FIND): • Internal Control Questionnaire (ICQ) – This is usually in the form of a series of questions that can be answered with a simple yes or no. They are usually designed so that a yes answer indicates that a control is properly in place (strength) and a no answer indicates a potential weakness. An advantage is that it easily identifies potential weaknesses in internal control but it is difficult to develop a complete and comprehensive questionnaire and it is difficult to obtain an understanding of the flow of the system using it.

Question 164

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are different techniques that are commonly used for documenting the auditor's understanding of the internal control structure. These are (FIND): • Internal Control Questionnaire (ICQ) – This is usually in the form of a s__ies of questions that can be answered with a simple yes or no. They are usually designed so that a yes answer indicates that a control is properly in place (strength) and a no answer indicates a potential weakness. An advantage is that it easily identifies potential weaknesses in internal control but it is difficult to develop a complete and comprehensive questionnaire and it is difficult to obtain an understanding of the flow of the system using it.

Answer 164

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are different techniques that are commonly used for documenting the auditor's understanding of the internal control structure. These are (FIND): • Internal Control Questionnaire (ICQ) – This is usually in the form of a series of questions that can be answered with a simple yes or no. They are usually designed so that a yes answer indicates that a control is properly in place (strength) and a no answer indicates a potential weakness. An advantage is that it easily identifies potential weaknesses in internal control but it is difficult to develop a complete and comprehensive questionnaire and it is difficult to obtain an understanding of the flow of the system using it.

Question 165

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are different techniques that are commonly used for documenting the auditor's understanding of the internal control structure. These are (FIND): • Internal Control Questionnaire (ICQ) – This is usually in the form of a series of questions that can be answered with a simple yes or no. They are usually de____ed so that a yes answer indicates that a control is properly in place (strength) and a no answer indicates a potential weakness. An advantage is that it easily identifies potential weaknesses in internal control but it is difficult to develop a complete and comprehensive questionnaire and it is difficult to obtain an understanding of the flow of the system using it.

Answer 165

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are different techniques that are commonly used for documenting the auditor's understanding of the internal control structure. These are (FIND): • Internal Control Questionnaire (ICQ) – This is usually in the form of a series of questions that can be answered with a simple yes or no. They are usually designed so that a yes answer indicates that a control is properly in place (strength) and a no answer indicates a potential weakness. An advantage is that it easily identifies potential weaknesses in internal control but it is difficult to develop a complete and comprehensive questionnaire and it is difficult to obtain an understanding of the flow of the system using it.

Question 166

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are different techniques that are commonly used for documenting the auditor's understanding of the internal control structure. These are (FIND): • Internal Control Questionnaire (ICQ) – This is usually in the form of a series of questions that can be answered with a simple yes or no. They are usually designed so that a yes answer indicates that a control is properly in place (strength) and a no answer indicates a potential weakness. An advantage is that it easily identifies potential weaknesses in internal control but it is diff_____ to develop a complete and comprehensive questionnaire and it is difficult to obtain an understanding of the flow of the system using it.

Answer 166

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are different techniques that are commonly used for documenting the auditor's understanding of the internal control structure. These are (FIND): • Internal Control Questionnaire (ICQ) – This is usually in the form of a series of questions that can be answered with a simple yes or no. They are usually designed so that a yes answer indicates that a control is properly in place (strength) and a no answer indicates a potential weakness. An advantage is that it easily identifies potential weaknesses in internal control but it is difficult to develop a complete and comprehensive questionnaire and it is difficult to obtain an understanding of the flow of the system using it.

Question 167

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are different techniques that are commonly used for documenting the auditor's understanding of the internal control structure. These are (FIND): • Internal Control Questionnaire (ICQ) – This is usually in the form of a series of questions that can be answered with a simple yes or no. o This is the most str_____ed of the approaches and is the easiest for an inexperienced staff member in an audit to utilize.

Answer 167

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are different techniques that are commonly used for documenting the auditor's understanding of the internal control structure. These are (FIND): • Internal Control Questionnaire (ICQ) – This is usually in the form of a series of questions that can be answered with a simple yes or no. o This is the most structured of the approaches and is the easiest for an inexperienced staff member in an audit to utilize.

Question 168

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are different techniques that are commonly used for documenting the auditor's understanding of the internal control structure. These are (FIND): • Internal Control Questionnaire (ICQ) – This is usually in the form of a series of questions that can be answered with a simple yes or no. o This is the most structured of the approaches and is the e__iest for an inexperienced staff member in an audit to utilize.

Answer 168

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are different techniques that are commonly used for documenting the auditor's understanding of the internal control structure. These are (FIND): • Internal Control Questionnaire (ICQ) – This is usually in the form of a series of questions that can be answered with a simple yes or no. o This is the most structured of the approaches and is the easiest for an inexperienced staff member in an audit to utilize.

Question 169

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are different techniques that are commonly used for documenting the auditor's understanding of the internal control structure. These are (FIND): • Internal Control Questionnaire (ICQ) – This is usually in the form of a series of questions that can be answered with a simple yes or no. o This is the most structured of the approaches and is the easiest for an inex_____ced staff member in an audit to utilize.

Answer 169

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are different techniques that are commonly used for documenting the auditor's understanding of the internal control structure. These are (FIND): • Internal Control Questionnaire (ICQ) – This is usually in the form of a series of questions that can be answered with a simple yes or no. o This is the most structured of the approaches and is the easiest for an inexperienced staff member in an audit to utilize.

Question 170

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are different techniques that are commonly used for documenting the auditor's understanding of the internal control structure. These are (FIND): • Internal Control Questionnaire (ICQ) – This is usually in the form of a series of questions that can be answered with a simple yes or no. o This is the most structured of the approaches and is the easiest for an inexperienced staff member in an au___ to utilize.

Answer 170

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are different techniques that are commonly used for documenting the auditor's understanding of the internal control structure. These are (FIND): • Internal Control Questionnaire (ICQ) – This is usually in the form of a series of questions that can be answered with a simple yes or no. o This is the most structured of the approaches and is the easiest for an inexperienced staff member in an audit to utilize.

Question 171

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are different techniques that are commonly used for documenting the auditor's understanding of the internal control structure. These are (FIND): • Internal Control Questionnaire (ICQ) – This is usually in the form of a series of questions that can be answered with a simple yes or no. o This is the most structured of the approaches and is the easiest for an inexperienced staff member in an audit to u__lize.

Answer 171

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are different techniques that are commonly used for documenting the auditor's understanding of the internal control structure. These are (FIND): • Internal Control Questionnaire (ICQ) – This is usually in the form of a series of questions that can be answered with a simple yes or no. o This is the most structured of the approaches and is the easiest for an inexperienced staff member in an audit to utilize.

Question 172

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are different techniques that are commonly used for documenting the auditor's understanding of the internal control structure. These are (FIND): • Internal Control Questionnaire (ICQ) – This is usually in the form of a series of questions that can be answered with a simple yes or no. o It is also a very popular area of testing on the CPA exam.

Answer 172

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are different techniques that are commonly used for documenting the auditor's understanding of the internal control structure. These are (FIND): • Internal Control Questionnaire (ICQ) – This is usually in the form of a series of questions that can be answered with a simple yes or no. o It is also a very popular area of testing on the CPA exam.

Question 173

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are different techniques that are commonly used for documenting the auditor's understanding of the internal control structure. These are (FIND): • Internal Control Questionnaire (ICQ) – This is usually in the form of a series of qu______s that can be answered with a simple yes or no. o This is the most structured of the approaches and is the easiest for an inexperienced staff member in an audit to utilize. o It is also a very popular area of testing on the CPA exam.

Answer 173

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are different techniques that are commonly used for documenting the auditor's understanding of the internal control structure. These are (FIND): • Internal Control Questionnaire (ICQ) – This is usually in the form of a series of questions that can be answered with a simple yes or no. o This is the most structured of the approaches and is the easiest for an inexperienced staff member in an audit to utilize. o It is also a very popular area of testing on the CPA exam.

Question 174

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are different techniques that are commonly used for documenting the auditor's understanding of the internal control structure. These are (FIND): * F = Flowchart * I = Internal Control Questionnaire (ICQ) * N = Narrative or Memorandum * D = Decision table/tree • Nar_____ or Memorandum – This form of documentation, often referred to as the narrative approach, is in the form of a detailed written description of the internal control structure.

Answer 174

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are different techniques that are commonly used for documenting the auditor's understanding of the internal control structure. These are (FIND): * F = Flowchart * I = Internal Control Questionnaire (ICQ) * N = Narrative or Memorandum * D = Decision table/tree • Narrative or Memorandum – This form of documentation, often referred to as the narrative approach, is in the form of a detailed written description of the internal control structure.

Question 175

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are different techniques that are commonly used for documenting the auditor's understanding of the internal control structure. These are (FIND): * F = Flowchart * I = Internal Control Questionnaire (ICQ) * N = Narrative or Memorandum * D = Decision table/tree • Narrative or Mem________ – This form of documentation, often referred to as the narrative approach, is in the form of a detailed written description of the internal control structure.

Answer 175

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are different techniques that are commonly used for documenting the auditor's understanding of the internal control structure. These are (FIND): * F = Flowchart * I = Internal Control Questionnaire (ICQ) * N = Narrative or Memorandum * D = Decision table/tree • Narrative or Memorandum – This form of documentation, often referred to as the narrative approach, is in the form of a detailed written description of the internal control structure.

Question 176

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are different techniques that are commonly used for documenting the auditor's understanding of the internal control structure. These are (FIND): • Narrative or Memorandum – This f___ of documentation, often referred to as the narrative approach, is in the form of a detailed written description of the internal control structure.

Answer 176

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are different techniques that are commonly used for documenting the auditor's understanding of the internal control structure. These are (FIND): • Narrative or Memorandum – This form of documentation, often referred to as the narrative approach, is in the form of a detailed written description of the internal control structure.

Question 177

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are different techniques that are commonly used for documenting the auditor's understanding of the internal control structure. These are (FIND): • Narrative or Memorandum – This form of docu________, often referred to as the narrative approach, is in the form of a detailed written description of the internal control structure.

Answer 177

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are different techniques that are commonly used for documenting the auditor's understanding of the internal control structure. These are (FIND): • Narrative or Memorandum – This form of documentation, often referred to as the narrative approach, is in the form of a detailed written description of the internal control structure.

Question 178

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are different techniques that are commonly used for documenting the auditor's understanding of the internal control structure. These are (FIND): • Narrative or Memorandum – This form of documentation, often referred to as the narrative appr____, is in the form of a detailed written description of the internal control structure.

Answer 178

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are different techniques that are commonly used for documenting the auditor's understanding of the internal control structure. These are (FIND): • Narrative or Memorandum – This form of documentation, often referred to as the narrative approach, is in the form of a detailed written description of the internal control structure.

Question 179

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are different techniques that are commonly used for documenting the auditor's understanding of the internal control structure. These are (FIND): • Narrative or Memorandum – This form of documentation, often referred to as the narrative approach, is in the form of a de____ed written description of the internal control structure.

Answer 179

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are different techniques that are commonly used for documenting the auditor's understanding of the internal control structure. These are (FIND): • Narrative or Memorandum – This form of documentation, often referred to as the narrative approach, is in the form of a detailed written description of the internal control structure.

Question 180

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are different techniques that are commonly used for documenting the auditor's understanding of the internal control structure. These are (FIND): • Narrative or Memorandum – This form of documentation, often referred to as the narrative approach, is in the form of a detailed w____en description of the internal control structure.

Answer 180

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are different techniques that are commonly used for documenting the auditor's understanding of the internal control structure. These are (FIND): • Narrative or Memorandum – This form of documentation, often referred to as the narrative approach, is in the form of a detailed written description of the internal control structure.

Question 181

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are different techniques that are commonly used for documenting the auditor's understanding of the internal control structure. These are (FIND): • Narrative or Memorandum – This form of documentation, often referred to as the narrative approach, is in the form of a detailed written des_______ of the internal control structure.

Answer 181

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are different techniques that are commonly used for documenting the auditor's understanding of the internal control structure. These are (FIND): • Narrative or Memorandum – This form of documentation, often referred to as the narrative approach, is in the form of a detailed written description of the internal control structure.

Question 182

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are different techniques that are commonly used for documenting the auditor's understanding of the internal control structure. These are (FIND): • Narrative or Memorandum – This form of documentation, often referred to as the narrative approach, is in the form of a detailed written description of the internal control stru____e.

Answer 182

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are different techniques that are commonly used for documenting the auditor's understanding of the internal control structure. These are (FIND): • Narrative or Memorandum – This form of documentation, often referred to as the narrative approach, is in the form of a detailed written description of the internal control structure.

Question 183

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are different techniques that are commonly used for documenting the auditor's understanding of the internal control structure. These are (FIND): • Narrative or Memorandum – This form of documentation, often referred to as the narrative approach, is in the form of a detailed written description of the internal control structure. It generally describes the sys___ in a manner similar to how it is depicted in a flowchart but with words rather than symbols.

Answer 183

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are different techniques that are commonly used for documenting the auditor's understanding of the internal control structure. These are (FIND): • Narrative or Memorandum – This form of documentation, often referred to as the narrative approach, is in the form of a detailed written description of the internal control structure. It generally describes the system in a manner similar to how it is depicted in a flowchart but with words rather than symbols.

Question 184

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are different techniques that are commonly used for documenting the auditor's understanding of the internal control structure. These are (FIND): • Narrative or Memorandum – This form of documentation, often referred to as the narrative approach, is in the form of a detailed written description of the internal control structure. It generally des_____s the system in a manner similar to how it is depicted in a flowchart but with words rather than symbols.

Answer 184

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are different techniques that are commonly used for documenting the auditor's understanding of the internal control structure. These are (FIND): • Narrative or Memorandum – This form of documentation, often referred to as the narrative approach, is in the form of a detailed written description of the internal control structure. It generally describes the system in a manner similar to how it is depicted in a flowchart but with words rather than symbols.

Question 185

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are different techniques that are commonly used for documenting the auditor's understanding of the internal control structure. These are (FIND): • Narrative or Memorandum – This form of documentation is in the form of a detailed written description of the internal control structure. It generally describes the system in a manner sim____ to how it is depicted in a flowchart but with words rather than symbols.

Answer 185

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are different techniques that are commonly used for documenting the auditor's understanding of the internal control structure. These are (FIND): • Narrative or Memorandum – This form of documentation is in the form of a detailed written description of the internal control structure. It generally describes the system in a manner similar to how it is depicted in a flowchart but with words rather than symbols.

Question 186

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are different techniques that are commonly used for documenting the auditor's understanding of the internal control structure. These are (FIND): • Narrative or Memorandum – This form of documentation is in the form of a detailed written description of the internal control structure. It generally describes the system in a manner similar to h__ it is depicted in a flowchart but with words rather than symbols.

Answer 186

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are different techniques that are commonly used for documenting the auditor's understanding of the internal control structure. These are (FIND): • Narrative or Memorandum – This form of documentation is in the form of a detailed written description of the internal control structure. It generally describes the system in a manner similar to how it is depicted in a flowchart but with words rather than symbols.

Question 187

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are different techniques that are commonly used for documenting the auditor's understanding of the internal control structure. These are (FIND): • Narrative or Memorandum – This form of documentation is in the form of a detailed written description of the internal control structure. It generally describes the system in a manner similar to how it is de____ed in a flowchart but with words rather than symbols.

Answer 187

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are different techniques that are commonly used for documenting the auditor's understanding of the internal control structure. These are (FIND): • Narrative or Memorandum – This form of documentation is in the form of a detailed written description of the internal control structure. It generally describes the system in a manner similar to how it is depicted in a flowchart but with words rather than symbols.

Question 188

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are different techniques that are commonly used for documenting the auditor's understanding of the internal control structure. These are (FIND): • Narrative or Memorandum – This form of documentation is in the form of a detailed written description of the internal control structure. It generally describes the system in a manner similar to how it is depicted in a flowc____ but with words rather than symbols.

Answer 188

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are different techniques that are commonly used for documenting the auditor's understanding of the internal control structure. These are (FIND): • Narrative or Memorandum – This form of documentation is in the form of a detailed written description of the internal control structure. It generally describes the system in a manner similar to how it is depicted in a flowchart but with words rather than symbols.

Question 189

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are different techniques that are commonly used for documenting the auditor's understanding of the internal control structure. These are (FIND): • Narrative or Memorandum – This form of documentation is in the form of a detailed written description of the internal control structure. It generally describes the system in a manner similar to how it is depicted in a flowchart but with w___s rather than symbols.

Answer 189

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are different techniques that are commonly used for documenting the auditor's understanding of the internal control structure. These are (FIND): • Narrative or Memorandum – This form of documentation is in the form of a detailed written description of the internal control structure. It generally describes the system in a manner similar to how it is depicted in a flowchart but with words rather than symbols.

Question 190

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are different techniques that are commonly used for documenting the auditor's understanding of the internal control structure. These are (FIND): • Narrative or Memorandum – This form of documentation is in the form of a detailed written description of the internal control structure. It generally describes the system in a manner similar to how it is depicted in a flowchart but with words rather than sym___s.

Answer 190

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are different techniques that are commonly used for documenting the auditor's understanding of the internal control structure. These are (FIND): • Narrative or Memorandum – This form of documentation is in the form of a detailed written description of the internal control structure. It generally describes the system in a manner similar to how it is depicted in a flowchart but with words rather than symbols.

Question 191

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are different techniques that are commonly used for documenting the auditor's understanding of the internal control structure. These are (FIND): • Narrative or Memorandum – This form of documentation is in the form of a detailed written description of the internal control structure. It generally describes the system in a manner similar to how it is depicted in a flowchart but with words rather than symbols. This makes it e__ier for a user to understand the flow of the system and the interrelationships among departments and employees that are part of it.

Answer 191

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are different techniques that are commonly used for documenting the auditor's understanding of the internal control structure. These are (FIND): • Narrative or Memorandum – This form of documentation is in the form of a detailed written description of the internal control structure. It generally describes the system in a manner similar to how it is depicted in a flowchart but with words rather than symbols. This makes it easier for a user to understand the flow of the system and the interrelationships among departments and employees that are part of it.

Question 192

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are different techniques that are commonly used for documenting the auditor's understanding of the internal control structure. These are (FIND): • Narrative or Memorandum – This form of documentation is in the form of a detailed written description of the internal control structure. It generally describes the system in a manner similar to how it is depicted in a flowchart but with words rather than symbols. This makes it easier for a u_er to understand the flow of the system and the interrelationships among departments and employees that are part of it.

Answer 192

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are different techniques that are commonly used for documenting the auditor's understanding of the internal control structure. These are (FIND): • Narrative or Memorandum – This form of documentation is in the form of a detailed written description of the internal control structure. It generally describes the system in a manner similar to how it is depicted in a flowchart but with words rather than symbols. This makes it easier for a user to understand the flow of the system and the interrelationships among departments and employees that are part of it.

Question 193

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are different techniques that are commonly used for documenting the auditor's understanding of the internal control structure. These are (FIND): • Narrative or Memorandum – This form of documentation is in the form of a detailed written description of the internal control structure. It generally describes the system in a manner similar to how it is depicted in a flowchart but with words rather than symbols. This makes it easier for a user to und_______ the flow of the system and the interrelationships among departments and employees that are part of it.

Answer 193

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are different techniques that are commonly used for documenting the auditor's understanding of the internal control structure. These are (FIND): • Narrative or Memorandum – This form of documentation is in the form of a detailed written description of the internal control structure. It generally describes the system in a manner similar to how it is depicted in a flowchart but with words rather than symbols. This makes it easier for a user to understand the flow of the system and the interrelationships among departments and employees that are part of it.

Question 194

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are different techniques that are commonly used for documenting the auditor's understanding of the internal control structure. These are (FIND): • Narrative or Memorandum – This form of documentation is in the form of a detailed written description of the internal control structure. This makes it easier for a user to understand the fl__ of the system and the interrelationships among departments and employees that are part of it.

Answer 194

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are different techniques that are commonly used for documenting the auditor's understanding of the internal control structure. These are (FIND): • Narrative or Memorandum – This form of documentation is in the form of a detailed written description of the internal control structure. This makes it easier for a user to understand the flow of the system and the interrelationships among departments and employees that are part of it.

Question 195

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are different techniques that are commonly used for documenting the auditor's understanding of the internal control structure. These are (FIND): • Narrative or Memorandum – This form of documentation is in the form of a detailed written description of the internal control structure. This makes it easier for a user to understand the flow of the sys___ and the interrelationships among departments and employees that are part of it.

Answer 195

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are different techniques that are commonly used for documenting the auditor's understanding of the internal control structure. These are (FIND): • Narrative or Memorandum – This form of documentation is in the form of a detailed written description of the internal control structure. This makes it easier for a user to understand the flow of the system and the interrelationships among departments and employees that are part of it.

Question 196

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are different techniques that are commonly used for documenting the auditor's understanding of the internal control structure. These are (FIND): • Narrative or Memorandum – This form of documentation is in the form of a detailed written description of the internal control structure. This makes it easier for a user to understand the flow of the system and the interre_______ps among departments and employees that are part of it.

Answer 196

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are different techniques that are commonly used for documenting the auditor's understanding of the internal control structure. These are (FIND): • Narrative or Memorandum – This form of documentation is in the form of a detailed written description of the internal control structure. This makes it easier for a user to understand the flow of the system and the interrelationships among departments and employees that are part of it.

Question 197

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are different techniques that are commonly used for documenting the auditor's understanding of the internal control structure. These are (FIND): • Narrative or Memorandum – This form of documentation is in the form of a detailed written description of the internal control structure. This makes it easier for a user to understand the flow of the system and the interrelationships among depar_____ts and employees that are part of it.

Answer 197

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are different techniques that are commonly used for documenting the auditor's understanding of the internal control structure. These are (FIND): • Narrative or Memorandum – This form of documentation is in the form of a detailed written description of the internal control structure. This makes it easier for a user to understand the flow of the system and the interrelationships among departments and employees that are part of it.

Question 198

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are different techniques that are commonly used for documenting the auditor's understanding of the internal control structure. These are (FIND): • Narrative or Memorandum – This form of documentation is in the form of a detailed written description of the internal control structure. This makes it easier for a user to understand the flow of the system and the interrelationships among departments and emp___ees that are part of it.

Answer 198

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are different techniques that are commonly used for documenting the auditor's understanding of the internal control structure. These are (FIND): • Narrative or Memorandum – This form of documentation is in the form of a detailed written description of the internal control structure. This makes it easier for a user to understand the flow of the system and the interrelationships among departments and employees that are part of it.

Question 199

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are different techniques that are commonly used for documenting the auditor's understanding of the internal control structure. These are (FIND): • Narrative or Memorandum – This form of documentation is in the form of a detailed written description of the internal control structure. This makes it easier for a user to understand the flow of the system and the interrelationships among departments and employees that are p__t of it.

Answer 199

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are different techniques that are commonly used for documenting the auditor's understanding of the internal control structure. These are (FIND): • Narrative or Memorandum – This form of documentation is in the form of a detailed written description of the internal control structure. This makes it easier for a user to understand the flow of the system and the interrelationships among departments and employees that are part of it.

Question 200

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are different techniques that are commonly used for documenting the auditor's understanding of the internal control structure. These are (FIND): • Narrative or Memorandum – This form of documentation is in the form of a detailed written description of the internal control structure. This makes it easier for a user to understand the flow of the system and the interrelationships among departments and employees that are part of it. It does n__ clearly indicate whether there is adequate segregation of duties, however, and it is often difficult to visualize the flow of documentation.

Answer 200

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are different techniques that are commonly used for documenting the auditor's understanding of the internal control structure. These are (FIND): • Narrative or Memorandum – This form of documentation is in the form of a detailed written description of the internal control structure. This makes it easier for a user to understand the flow of the system and the interrelationships among departments and employees that are part of it. It does not clearly indicate whether there is adequate segregation of duties, however, and it is often difficult to visualize the flow of documentation.

Question 201

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are different techniques that are commonly used for documenting the auditor's understanding of the internal control structure. These are (FIND): • Narrative or Memorandum – This form of documentation is in the form of a detailed written description of the internal control structure. This makes it easier for a user to understand the flow of the system and the interrelationships among departments and employees that are part of it. It does not cl___ly indicate whether there is adequate segregation of duties, however, and it is often difficult to visualize the flow of documentation.

Answer 201

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are different techniques that are commonly used for documenting the auditor's understanding of the internal control structure. These are (FIND): • Narrative or Memorandum – This form of documentation is in the form of a detailed written description of the internal control structure. This makes it easier for a user to understand the flow of the system and the interrelationships among departments and employees that are part of it. It does not clearly indicate whether there is adequate segregation of duties, however, and it is often difficult to visualize the flow of documentation.

Question 202

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are different techniques that are commonly used for documenting the auditor's understanding of the internal control structure. These are (FIND): • Narrative or Memorandum – This form of documentation is in the form of a detailed written description of the internal control structure. This makes it easier for a user to understand the flow of the system and the interrelationships among departments and employees that are part of it. It does not clearly indi____ whether there is adequate segregation of duties, however, and it is often difficult to visualize the flow of documentation.

Answer 202

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are different techniques that are commonly used for documenting the auditor's understanding of the internal control structure. These are (FIND): • Narrative or Memorandum – This form of documentation is in the form of a detailed written description of the internal control structure. This makes it easier for a user to understand the flow of the system and the interrelationships among departments and employees that are part of it. It does not clearly indicate whether there is adequate segregation of duties, however, and it is often difficult to visualize the flow of documentation.

Question 203

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are different techniques that are commonly used for documenting the auditor's understanding of the internal control structure. These are (FIND): • Narrative or Memorandum – This form of documentation is in the form of a detailed written description of the internal control structure. This makes it easier for a user to understand the flow of the system and the interrelationships among departments and employees that are part of it. It does not clearly indicate whether there is ade_____ segregation of duties, however, and it is often difficult to visualize the flow of documentation.

Answer 203

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are different techniques that are commonly used for documenting the auditor's understanding of the internal control structure. These are (FIND): • Narrative or Memorandum – This form of documentation is in the form of a detailed written description of the internal control structure. This makes it easier for a user to understand the flow of the system and the interrelationships among departments and employees that are part of it. It does not clearly indicate whether there is adequate segregation of duties, however, and it is often difficult to visualize the flow of documentation.

Question 204

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are different techniques that are commonly used for documenting the auditor's understanding of the internal control structure. These are (FIND): • Narrative or Memorandum – This form of documentation is in the form of a detailed written description of the internal control structure. This makes it easier for a user to understand the flow of the system and the interrelationships among departments and employees that are part of it. It does not clearly indicate whether there is adequate segre______ of duties, however, and it is often difficult to visualize the flow of documentation.

Answer 204

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are different techniques that are commonly used for documenting the auditor's understanding of the internal control structure. These are (FIND): • Narrative or Memorandum – This form of documentation is in the form of a detailed written description of the internal control structure. This makes it easier for a user to understand the flow of the system and the interrelationships among departments and employees that are part of it. It does not clearly indicate whether there is adequate segregation of duties, however, and it is often difficult to visualize the flow of documentation.

Question 205

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are different techniques that are commonly used for documenting the auditor's understanding of the internal control structure. These are (FIND): • Narrative or Memorandum – This form of documentation is in the form of a detailed written description of the internal control structure. It does not clearly indicate whether there is adequate segregation of d__ies, however, and it is often difficult to visualize the flow of documentation.

Answer 205

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are different techniques that are commonly used for documenting the auditor's understanding of the internal control structure. These are (FIND): • Narrative or Memorandum – This form of documentation is in the form of a detailed written description of the internal control structure. It does not clearly indicate whether there is adequate segregation of duties, however, and it is often difficult to visualize the flow of documentation.

Question 206

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are different techniques that are commonly used for documenting the auditor's understanding of the internal control structure. These are (FIND): • Narrative or Memorandum – This form of documentation is in the form of a detailed written description of the internal control structure. It does not clearly indicate whether there is adequate segregation of duties, however, and it is often diff_____ to visualize the flow of documentation.

Answer 206

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are different techniques that are commonly used for documenting the auditor's understanding of the internal control structure. These are (FIND): • Narrative or Memorandum – This form of documentation is in the form of a detailed written description of the internal control structure. It does not clearly indicate whether there is adequate segregation of duties, however, and it is often difficult to visualize the flow of documentation.

Question 207

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are different techniques that are commonly used for documenting the auditor's understanding of the internal control structure. These are (FIND): • Narrative or Memorandum – This form of documentation is in the form of a detailed written description of the internal control structure. It does not clearly indicate whether there is adequate segregation of duties, however, and it is often difficult to vis______ the flow of documentation.

Answer 207

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are different techniques that are commonly used for documenting the auditor's understanding of the internal control structure. These are (FIND): • Narrative or Memorandum – This form of documentation is in the form of a detailed written description of the internal control structure. It does not clearly indicate whether there is adequate segregation of duties, however, and it is often difficult to visualize the flow of documentation.

Question 208

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are different techniques that are commonly used for documenting the auditor's understanding of the internal control structure. These are (FIND): • Narrative or Memorandum – This form of documentation is in the form of a detailed written description of the internal control structure. It does not clearly indicate whether there is adequate segregation of duties, however, and it is often difficult to visualize the fl__ of documentation.

Answer 208

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are different techniques that are commonly used for documenting the auditor's understanding of the internal control structure. These are (FIND): • Narrative or Memorandum – This form of documentation is in the form of a detailed written description of the internal control structure. It does not clearly indicate whether there is adequate segregation of duties, however, and it is often difficult to visualize the flow of documentation.

Question 209

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are different techniques that are commonly used for documenting the auditor's understanding of the internal control structure. These are (FIND): • Narrative or Memorandum – This form of documentation is in the form of a detailed written description of the internal control structure. It does not clearly indicate whether there is adequate segregation of duties, however, and it is often difficult to visualize the flow of doc__________.

Answer 209

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are different techniques that are commonly used for documenting the auditor's understanding of the internal control structure. These are (FIND): • Narrative or Memorandum – This form of documentation is in the form of a detailed written description of the internal control structure. It does not clearly indicate whether there is adequate segregation of duties, however, and it is often difficult to visualize the flow of documentation.

Question 210

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are different techniques that are commonly used for documenting the auditor's understanding of the internal control structure. These are (FIND): • Narrative or Memorandum – This form of documentation is in the form of a detailed written description of the internal control structure. It does not clearly indicate whether there is adequate segregation of duties, however, and it is often difficult to visualize the flow of documentation. o This approach can be cumbersome and is n__ commonly used.

Answer 210

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are different techniques that are commonly used for documenting the auditor's understanding of the internal control structure. These are (FIND): • Narrative or Memorandum – This form of documentation is in the form of a detailed written description of the internal control structure. It does not clearly indicate whether there is adequate segregation of duties, however, and it is often difficult to visualize the flow of documentation. o This approach can be cumbersome and is not commonly used.

Question 211

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are different techniques that are commonly used for documenting the auditor's understanding of the internal control structure. These are (FIND): • Narrative or Memorandum – This form of documentation is in the form of a detailed written description of the internal control structure. It does not clearly indicate whether there is adequate segregation of duties, however, and it is often difficult to visualize the flow of documentation. o This approach can be cumbersome and is not com___ly used.

Answer 211

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are different techniques that are commonly used for documenting the auditor's understanding of the internal control structure. These are (FIND): • Narrative or Memorandum – This form of documentation is in the form of a detailed written description of the internal control structure. It does not clearly indicate whether there is adequate segregation of duties, however, and it is often difficult to visualize the flow of documentation. o This approach can be cumbersome and is not commonly used.

Question 212

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are different techniques that are commonly used for documenting the auditor's understanding of the internal control structure. These are (FIND): • Narrative or Memorandum – This form of documentation is in the form of a detailed written description of the internal control structure. It does not clearly indicate whether there is adequate segregation of duties, however, and it is often difficult to visualize the flow of documentation. o This approach can be cumbersome and is not commonly used. o It is tested very infre_____ly on the CPA exam.

Answer 212

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are different techniques that are commonly used for documenting the auditor's understanding of the internal control structure. These are (FIND): • Narrative or Memorandum – This form of documentation is in the form of a detailed written description of the internal control structure. It does not clearly indicate whether there is adequate segregation of duties, however, and it is often difficult to visualize the flow of documentation. o This approach can be cumbersome and is not commonly used. o It is tested very infrequently on the CPA exam.

Question 213

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are different techniques that are commonly used for documenting the auditor's understanding of the internal control structure. These are (FIND): • Narrative or Memorandum – This form of documentation is in the form of a detailed written description of the internal control structure. It does not clearly indicate whether there is adequate segregation of duties, however, and it is often difficult to visualize the flow of documentation. o This approach can be cumbersome and is not commonly used. o It is tested very infrequently on the CPA exam.

Answer 213

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are different techniques that are commonly used for documenting the auditor's understanding of the internal control structure. These are (FIND): • Narrative or Memorandum – This form of documentation is in the form of a detailed written description of the internal control structure. It does not clearly indicate whether there is adequate segregation of duties, however, and it is often difficult to visualize the flow of documentation. o This approach can be cumbersome and is not commonly used. o It is tested very infrequently on the CPA exam.

Question 214

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are different techniques that are commonly used for documenting the auditor's understanding of the internal control structure. These are (FIND): • Narrative or Memo______ – This form of documentation, often referred to as the narrative approach, is in the form of a detailed written description of the internal control structure. It generally describes the system in a manner similar to how it is depicted in a flowchart but with words rather than symbols. This makes it easier for a user to understand the flow of the system and the interrelationships among departments and employees that are part of it. It does not clearly indicate whether there is adequate segregation of duties, however, and it is often difficult to visualize the flow of documentation. o This approach can be cumbersome and is not commonly used. o It is tested very infrequently on the CPA exam.

Answer 214

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are different techniques that are commonly used for documenting the auditor's understanding of the internal control structure. These are (FIND): • Narrative or Memorandum – This form of documentation, often referred to as the narrative approach, is in the form of a detailed written description of the internal control structure. It generally describes the system in a manner similar to how it is depicted in a flowchart but with words rather than symbols. This makes it easier for a user to understand the flow of the system and the interrelationships among departments and employees that are part of it. It does not clearly indicate whether there is adequate segregation of duties, however, and it is often difficult to visualize the flow of documentation. o This approach can be cumbersome and is not commonly used. o It is tested very infrequently on the CPA exam.

Question 215

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are different techniques that are commonly used for documenting the auditor's understanding of the internal control structure. These are (FIND): * F = Flowchart * I = Internal Control Questionnaire (ICQ) * N = Narrative or Memorandum * D = Decision table/tree • Narr_____ or Memorandum – This form of documentation, often referred to as the narrative approach, is in the form of a detailed written description of the internal control structure. It generally describes the system in a manner similar to how it is depicted in a flowchart but with words rather than symbols. This makes it easier for a user to understand the flow of the system and the interrelationships among departments and employees that are part of it. It does not clearly indicate whether there is adequate segregation of duties, however, and it is often difficult to visualize the flow of documentation. o This approach can be cumbersome and is not commonly used. o It is tested very infrequently on the CPA exam.

Answer 215

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are different techniques that are commonly used for documenting the auditor's understanding of the internal control structure. These are (FIND): * F = Flowchart * I = Internal Control Questionnaire (ICQ) * N = Narrative or Memorandum * D = Decision table/tree • Narrative or Memorandum – This form of documentation, often referred to as the narrative approach, is in the form of a detailed written description of the internal control structure. It generally describes the system in a manner similar to how it is depicted in a flowchart but with words rather than symbols. This makes it easier for a user to understand the flow of the system and the interrelationships among departments and employees that are part of it. It does not clearly indicate whether there is adequate segregation of duties, however, and it is often difficult to visualize the flow of documentation. o This approach can be cumbersome and is not commonly used. o It is tested very infrequently on the CPA exam.

Question 216

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are different techniques that are commonly used for documenting the auditor's understanding of the internal control structure. These are (FIND): * F = Flowchart * I = Internal Control Questionnaire (ICQ) * N = Narrative or Memorandum * D = Decision table/tree • Narrative or Memorandum – This form of documentation, often referred to as the narrative approach, is in the form of a de_____ed writ___ descri______ of the internal control structure. It generally describes the system in a manner similar to how it is depicted in a flowchart but with words rather than symbols. This makes it easier for a user to understand the flow of the system and the interrelationships among departments and employees that are part of it. It does not clearly indicate whether there is adequate segregation of duties, however, and it is often difficult to visualize the flow of documentation. o This approach can be cumbersome and is not commonly used. o It is tested very infrequently on the CPA exam.

Answer 216

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are different techniques that are commonly used for documenting the auditor's understanding of the internal control structure. These are (FIND): * F = Flowchart * I = Internal Control Questionnaire (ICQ) * N = Narrative or Memorandum * D = Decision table/tree • Narrative or Memorandum – This form of documentation, often referred to as the narrative approach, is in the form of a detailed written description of the internal control structure. It generally describes the system in a manner similar to how it is depicted in a flowchart but with words rather than symbols. This makes it easier for a user to understand the flow of the system and the interrelationships among departments and employees that are part of it. It does not clearly indicate whether there is adequate segregation of duties, however, and it is often difficult to visualize the flow of documentation. o This approach can be cumbersome and is not commonly used. o It is tested very infrequently on the CPA exam.

Question 217

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are different techniques that are commonly used for documenting the auditor's understanding of the internal control structure. These are (FIND): * F = Flowchart * I = Internal Control Questionnaire (ICQ) * N = Narrative or Memorandum * D = Decision table/tree • Narrative or Memorandum – This form of documentation, often referred to as the narrative approach, is in the form of a detailed written description of the internal control struc____. It generally describes the sys___ in a manner similar to how it is depicted in a flowchart but with wo__s rather than symbols. This makes it easier for a user to understand the flow of the system and the interrelationships among departments and employees that are part of it. It does not clearly indicate whether there is adequate segregation of duties, however, and it is often difficult to visualize the flow of documentation. o This approach can be cumbersome and is not commonly used. o It is tested very infrequently on the CPA exam.

Answer 217

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are different techniques that are commonly used for documenting the auditor's understanding of the internal control structure. These are (FIND): * F = Flowchart * I = Internal Control Questionnaire (ICQ) * N = Narrative or Memorandum * D = Decision table/tree • Narrative or Memorandum – This form of documentation, often referred to as the narrative approach, is in the form of a detailed written description of the internal control structure. It generally describes the system in a manner similar to how it is depicted in a flowchart but with words rather than symbols. This makes it easier for a user to understand the flow of the system and the interrelationships among departments and employees that are part of it. It does not clearly indicate whether there is adequate segregation of duties, however, and it is often difficult to visualize the flow of documentation. o This approach can be cumbersome and is not commonly used. o It is tested very infrequently on the CPA exam.

Question 218

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are different techniques that are commonly used for documenting the auditor's understanding of the internal control structure. These are (FIND): * F = Flowchart * I = Internal Control Questionnaire (ICQ) * N = Narrative or Memorandum * D = Decision table/tree • Narrative or Memorandum – This form of documentation, often referred to as the narrative approach, is in the form of a detailed written description of the internal control structure. It generally describes the system in a manner similar to how it is depicted in a flowchart but with words rather than symbols. This makes it easier for a user to understand the flow of the system and the int__relationships among depart____s and em____ees that are part of it. It does not clearly indicate whether there is adequate segregation of duties, however, and it is often difficult to visualize the flow of documentation. o This approach can be cumbersome and is not commonly used. o It is tested very infrequently on the CPA exam.

Answer 218

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are different techniques that are commonly used for documenting the auditor's understanding of the internal control structure. These are (FIND): * F = Flowchart * I = Internal Control Questionnaire (ICQ) * N = Narrative or Memorandum * D = Decision table/tree • Narrative or Memorandum – This form of documentation, often referred to as the narrative approach, is in the form of a detailed written description of the internal control structure. It generally describes the system in a manner similar to how it is depicted in a flowchart but with words rather than symbols. This makes it easier for a user to understand the flow of the system and the interrelationships among departments and employees that are part of it. It does not clearly indicate whether there is adequate segregation of duties, however, and it is often difficult to visualize the flow of documentation. o This approach can be cumbersome and is not commonly used. o It is tested very infrequently on the CPA exam.

Question 219

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are different techniques that are commonly used for documenting the auditor's understanding of the internal control structure. These are (FIND): * F = Flowchart * I = Internal Control Questionnaire (ICQ) * N = Narrative or Memorandum * D = Decision table/tree • Narrative or Memorandum – This form of documentation, often referred to as the narrative approach, is in the form of a detailed written description of the internal control structure. It generally describes the system in a manner similar to how it is depicted in a flowchart but with words rather than symbols. This makes it easier for a user to understand the flow of the system and the interrelationships among departments and employees that are part of it. It does not clearly indicate whether there is adequate segregation of duties, however, and it is often diff____ to visu_____ the flow of documentation. o This approach can be cumbersome and is not commonly used. o It is tested very infrequently on the CPA exam.

Answer 219

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are different techniques that are commonly used for documenting the auditor's understanding of the internal control structure. These are (FIND): * F = Flowchart * I = Internal Control Questionnaire (ICQ) * N = Narrative or Memorandum * D = Decision table/tree • Narrative or Memorandum – This form of documentation, often referred to as the narrative approach, is in the form of a detailed written description of the internal control structure. It generally describes the system in a manner similar to how it is depicted in a flowchart but with words rather than symbols. This makes it easier for a user to understand the flow of the system and the interrelationships among departments and employees that are part of it. It does not clearly indicate whether there is adequate segregation of duties, however, and it is often difficult to visualize the flow of documentation. o This approach can be cumbersome and is not commonly used. o It is tested very infrequently on the CPA exam.

Question 220

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are different techniques that are commonly used for documenting the auditor's understanding of the internal control structure. These are (FIND): * F = Flowchart * I = Internal Control Questionnaire (ICQ) * N = Narrative or Memorandum * D = Decision table/tree • Narrative or Memorandum – This form of documentation, often referred to as the narrative approach, is in the form of a detailed written description of the internal control structure. It generally describes the system in a manner similar to how it is depicted in a flowchart but with words rather than symbols. This makes it easier for a user to understand the flow of the system and the interrelationships among departments and employees that are part of it. It does not clearly indicate whether there is adequate segregation of duties, however, and it is often difficult to visualize the flow of documentation. o This approach can be cumbersome and is not commonly used. o It is tested very infrequently on the CPA exam.

Answer 220

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are different techniques that are commonly used for documenting the auditor's understanding of the internal control structure. These are (FIND): * F = Flowchart * I = Internal Control Questionnaire (ICQ) * N = Narrative or Memorandum * D = Decision table/tree • Narrative or Memorandum – This form of documentation, often referred to as the narrative approach, is in the form of a detailed written description of the internal control structure. It generally describes the system in a manner similar to how it is depicted in a flowchart but with words rather than symbols. This makes it easier for a user to understand the flow of the system and the interrelationships among departments and employees that are part of it. It does not clearly indicate whether there is adequate segregation of duties, however, and it is often difficult to visualize the flow of documentation. o This approach can be cumbersome and is not commonly used. o It is tested very infrequently on the CPA exam.

Question 221

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are different techniques that are commonly used for documenting the auditor's understanding of the internal control structure. These are (FIND): * F = Flowchart * I = Internal Control Questionnaire (ICQ) * N = Narrative or Memorandum * D = Decision table/tree • Decision table/tree – Parts of an internal control struc____ may require a client employee to choose from several alternative actions depending on the conditions faced, and documenting such activities.

Answer 221

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are different techniques that are commonly used for documenting the auditor's understanding of the internal control structure. These are (FIND): * F = Flowchart * I = Internal Control Questionnaire (ICQ) * N = Narrative or Memorandum * D = Decision table/tree • Decision table/tree – Parts of an internal control structure may require a client employee to choose from several alternative actions depending on the conditions faced, and documenting such activities.

Question 222

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are different techniques that are commonly used for documenting the auditor's understanding of the internal control structure. These are (FIND): * F = Flowchart * I = Internal Control Questionnaire (ICQ) * N = Narrative or Memorandum * D = Decision table/tree • Decision ta___/tree – Parts of an internal control structure may require a client employee to choose from several alternative actions depending on the conditions faced, and documenting such activities.

Answer 222

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are different techniques that are commonly used for documenting the auditor's understanding of the internal control structure. These are (FIND): * F = Flowchart * I = Internal Control Questionnaire (ICQ) * N = Narrative or Memorandum * D = Decision table/tree • Decision table/tree – Parts of an internal control structure may require a client employee to choose from several alternative actions depending on the conditions faced, and documenting such activities.

Question 223

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are different techniques that are commonly used for documenting the auditor's understanding of the internal control structure. These are (FIND): * F = Flowchart * I = Internal Control Questionnaire (ICQ) * N = Narrative or Memorandum * D = Decision table/tree • Decision table/tr__ – Parts of an internal control structure may require a client employee to choose from several alternative actions depending on the conditions faced, and documenting such activities.

Answer 223

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are different techniques that are commonly used for documenting the auditor's understanding of the internal control structure. These are (FIND): * F = Flowchart * I = Internal Control Questionnaire (ICQ) * N = Narrative or Memorandum * D = Decision table/tree • Decision table/tree – Parts of an internal control structure may require a client employee to choose from several alternative actions depending on the conditions faced, and documenting such activities.

Question 224

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are different techniques that are commonly used for documenting the auditor's understanding of the internal control structure. These are (FIND): * F = Flowchart * I = Internal Control Questionnaire (ICQ) * N = Narrative or Memorandum * D = Decision table/tree • Deci____ table/tree – Parts of an internal control structure may require a client employee to choose from several alternative actions depending on the conditions faced, and documenting such activities.

Answer 224

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are different techniques that are commonly used for documenting the auditor's understanding of the internal control structure. These are (FIND): * F = Flowchart * I = Internal Control Questionnaire (ICQ) * N = Narrative or Memorandum * D = Decision table/tree • Decision table/tree – Parts of an internal control structure may require a client employee to choose from several alternative actions depending on the conditions faced, and documenting such activities.

Question 225

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are different techniques that are commonly used for documenting the auditor's understanding of the internal control structure. These are (FIND): • Decision table/tree – Parts of an inte____control structure may require a client employee to choose from several alternative actions depending on the conditions faced, and documenting such activities.

Answer 225

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are different techniques that are commonly used for documenting the auditor's understanding of the internal control structure. These are (FIND): • Decision table/tree – Parts of an internal control structure may require a client employee to choose from several alternative actions depending on the conditions faced, and documenting such activities.

Question 226

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are different techniques that are commonly used for documenting the auditor's understanding of the internal control structure. These are (FIND): • Decision table/tree – Parts of an internal control structure may require a client em____ee to choose from several alternative actions depending on the conditions faced, and documenting such activities.

Answer 226

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are different techniques that are commonly used for documenting the auditor's understanding of the internal control structure. These are (FIND): • Decision table/tree – Parts of an internal control structure may require a client employee to choose from several alternative actions depending on the conditions faced, and documenting such activities.

Question 227

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are different techniques that are commonly used for documenting the auditor's understanding of the internal control structure. These are (FIND): • Decision table/tree – Parts of an internal control structure may require a client employee to cho___ from several alternative actions depending on the conditions faced, and documenting such activities.

Answer 227

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are different techniques that are commonly used for documenting the auditor's understanding of the internal control structure. These are (FIND): • Decision table/tree – Parts of an internal control structure may require a client employee to choose from several alternative actions depending on the conditions faced, and documenting such activities.

Question 228

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are different techniques that are commonly used for documenting the auditor's understanding of the internal control structure. These are (FIND): • Decision table/tree – Parts of an internal control structure may require a client employee to choose from several alternative ac____s depending on the conditions faced, and documenting such activities.

Answer 228

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are different techniques that are commonly used for documenting the auditor's understanding of the internal control structure. These are (FIND): • Decision table/tree – Parts of an internal control structure may require a client employee to choose from several alternative actions depending on the conditions faced, and documenting such activities.

Question 229

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are different techniques that are commonly used for documenting the auditor's understanding of the internal control structure. These are (FIND): • Decision table/tree – Parts of an internal control structure may require a client employee to choose from several altern____ actions depending on the conditions faced, and documenting such activities.

Answer 229

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are different techniques that are commonly used for documenting the auditor's understanding of the internal control structure. These are (FIND): • Decision table/tree – Parts of an internal control structure may require a client employee to choose from several alternative actions depending on the conditions faced, and documenting such activities.

Question 230

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are different techniques that are commonly used for documenting the auditor's understanding of the internal control structure. These are (FIND): • Decision table/tree – Parts of an internal control structure may require a client employee to choose from several alternative actions depending on the cond_____s faced, and documenting such activities.

Answer 230

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are different techniques that are commonly used for documenting the auditor's understanding of the internal control structure. These are (FIND): • Decision table/tree – Parts of an internal control structure may require a client employee to choose from several alternative actions depending on the conditions faced, and documenting such activities.

Question 231

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are different techniques that are commonly used for documenting the auditor's understanding of the internal control structure. These are (FIND): • Decision table/tree – Parts of an internal control structure may require a client employee to choose from several alternative actions depending on the conditions faced, and do______ting such activities.

Answer 231

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are different techniques that are commonly used for documenting the auditor's understanding of the internal control structure. These are (FIND): • Decision table/tree – Parts of an internal control structure may require a client employee to choose from several alternative actions depending on the conditions faced, and documenting such activities.

Question 232

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are different techniques that are commonly used for documenting the auditor's understanding of the internal control structure. These are (FIND): • Decision table/tree – P___s of an internal control structure may require a client employee to choose from several alternative actions depending on the conditions faced, and documenting such activities.

Answer 232

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are different techniques that are commonly used for documenting the auditor's understanding of the internal control structure. These are (FIND): • Decision table/tree – Parts of an internal control structure may require a client employee to choose from several alternative actions depending on the conditions faced, and documenting such activities.

Question 233

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are different techniques that are commonly used for documenting the auditor's understanding of the internal control structure. These are (FIND): • Decision table/tree – Parts of an internal control structure may require a client employee to choose from several alternative actions depending on the conditions faced, and documenting such ac_____ies.

Answer 233

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are different techniques that are commonly used for documenting the auditor's understanding of the internal control structure. These are (FIND): • Decision table/tree – Parts of an internal control structure may require a client employee to choose from several alternative actions depending on the conditions faced, and documenting such activities.

Question 234

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are different techniques that are commonly used for documenting the auditor's understanding of the internal control structure. These are (FIND): • Decision table/tree – Parts of an internal control structure may require a client employee to choose from several alternative actions depending on the conditions faced, and documenting such activities. This may best be acco_______ed by preparing a decision table that lists each possible condition and the actions that will result from each (depicts the logic of an operation or process).

Answer 234

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are different techniques that are commonly used for documenting the auditor's understanding of the internal control structure. These are (FIND): • Decision table/tree – Parts of an internal control structure may require a client employee to choose from several alternative actions depending on the conditions faced, and documenting such activities. This may best be accomplished by preparing a decision table that lists each possible condition and the actions that will result from each (depicts the logic of an operation or process).

Question 235

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are different techniques that are commonly used for documenting the auditor's understanding of the internal control structure. These are (FIND): • Decision table/tree – Parts of an internal control structure may require a client employee to choose from several alternative actions depending on the conditions faced, and documenting such activities. This may best be accomplished by pre___ing a decision table that lists each possible condition and the actions that will result from each (depicts the logic of an operation or process).

Answer 235

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are different techniques that are commonly used for documenting the auditor's understanding of the internal control structure. These are (FIND): • Decision table/tree – Parts of an internal control structure may require a client employee to choose from several alternative actions depending on the conditions faced, and documenting such activities. This may best be accomplished by preparing a decision table that lists each possible condition and the actions that will result from each (depicts the logic of an operation or process).

Question 236

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are different techniques that are commonly used for documenting the auditor's understanding of the internal control structure. These are (FIND): • Decision table/tree – Parts of an internal control structure may require a client employee to choose from several alternative actions depending on the conditions faced, and documenting such activities. This may best be accomplished by preparing a decision ta___ that lists each possible condition and the actions that will result from each (depicts the logic of an operation or process).

Answer 236

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are different techniques that are commonly used for documenting the auditor's understanding of the internal control structure. These are (FIND): • Decision table/tree – Parts of an internal control structure may require a client employee to choose from several alternative actions depending on the conditions faced, and documenting such activities. This may best be accomplished by preparing a decision table that lists each possible condition and the actions that will result from each (depicts the logic of an operation or process).

Question 237

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are different techniques that are commonly used for documenting the auditor's understanding of the internal control structure. These are (FIND): • Decision table/tree – Parts of an internal control structure may require a client employee to choose from several alternative actions depending on the conditions faced, and documenting such activities. This may b___ be accomplished by preparing a decision table that lists each possible condition and the actions that will result from each (depicts the logic of an operation or process).

Answer 237

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are different techniques that are commonly used for documenting the auditor's understanding of the internal control structure. These are (FIND): • Decision table/tree – Parts of an internal control structure may require a client employee to choose from several alternative actions depending on the conditions faced, and documenting such activities. This may best be accomplished by preparing a decision table that lists each possible condition and the actions that will result from each (depicts the logic of an operation or process).

Question 238

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are different techniques that are commonly used for documenting the auditor's understanding of the internal control structure. These are (FIND): • Decision table/tree – Parts of an internal control structure may require a client employee to choose from several alternative actions depending on the conditions faced, and documenting such activities. This may best be accomplished by preparing a decision table that l___s each possible condition and the actions that will result from each (depicts the logic of an operation or process).

Answer 238

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are different techniques that are commonly used for documenting the auditor's understanding of the internal control structure. These are (FIND): • Decision table/tree – Parts of an internal control structure may require a client employee to choose from several alternative actions depending on the conditions faced, and documenting such activities. This may best be accomplished by preparing a decision table that lists each possible condition and the actions that will result from each (depicts the logic of an operation or process).

Question 239

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are different techniques that are commonly used for documenting the auditor's understanding of the internal control structure. These are (FIND): • Decision table/tree – Parts of an internal control structure may require a client employee to choose from several alternative actions depending on the conditions faced, and documenting such activities. This may best be accomplished by preparing a decision table that lists e___ possible condition and the actions that will result from each (depicts the logic of an operation or process).

Answer 239

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are different techniques that are commonly used for documenting the auditor's understanding of the internal control structure. These are (FIND): • Decision table/tree – Parts of an internal control structure may require a client employee to choose from several alternative actions depending on the conditions faced, and documenting such activities. This may best be accomplished by preparing a decision table that lists each possible condition and the actions that will result from each (depicts the logic of an operation or process).

Question 240

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are different techniques that are commonly used for documenting the auditor's understanding of the internal control structure. These are (FIND): • Decision table/tree – Parts of an internal control structure may require a client employee to choose from several alternative actions depending on the conditions faced, and documenting such activities. This may best be accomplished by preparing a decision table that lists each pos_____ condition and the actions that will result from each (depicts the logic of an operation or process).

Answer 240

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are different techniques that are commonly used for documenting the auditor's understanding of the internal control structure. These are (FIND): • Decision table/tree – Parts of an internal control structure may require a client employee to choose from several alternative actions depending on the conditions faced, and documenting such activities. This may best be accomplished by preparing a decision table that lists each possible condition and the actions that will result from each (depicts the logic of an operation or process).

Question 241

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are different techniques that are commonly used for documenting the auditor's understanding of the internal control structure. These are (FIND): • Decision table/tree – Parts of an internal control structure may require a client employee to choose from several alternative actions depending on the conditions faced, and documenting such activities. This may best be accomplished by preparing a decision table that lists each possible co_______ and the actions that will result from each (depicts the logic of an operation or process).

Answer 241

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are different techniques that are commonly used for documenting the auditor's understanding of the internal control structure. These are (FIND): • Decision table/tree – Parts of an internal control structure may require a client employee to choose from several alternative actions depending on the conditions faced, and documenting such activities. This may best be accomplished by preparing a decision table that lists each possible condition and the actions that will result from each (depicts the logic of an operation or process).

Question 242

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are different techniques that are commonly used for documenting the auditor's understanding of the internal control structure. These are (FIND): • Decision table/tree – Parts of an internal control structure may require a client employee to choose from several alternative actions depending on the conditions faced, and documenting such activities. This may best be accomplished by preparing a decision table that lists each possible condition and the ac____s that will result from each (depicts the logic of an operation or process).

Answer 242

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are different techniques that are commonly used for documenting the auditor's understanding of the internal control structure. These are (FIND): • Decision table/tree – Parts of an internal control structure may require a client employee to choose from several alternative actions depending on the conditions faced, and documenting such activities. This may best be accomplished by preparing a decision table that lists each possible condition and the actions that will result from each (depicts the logic of an operation or process).

Question 243

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are different techniques that are commonly used for documenting the auditor's understanding of the internal control structure. These are (FIND): • Decision table/tree – Parts of an internal control structure may require a client employee to choose from several alternative actions depending on the conditions faced, and documenting such activities. This may best be accomplished by preparing a decision table that lists each possible condition and the actions that will re____ from each (depicts the logic of an operation or process).

Answer 243

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are different techniques that are commonly used for documenting the auditor's understanding of the internal control structure. These are (FIND): • Decision table/tree – Parts of an internal control structure may require a client employee to choose from several alternative actions depending on the conditions faced, and documenting such activities. This may best be accomplished by preparing a decision table that lists each possible condition and the actions that will result from each (depicts the logic of an operation or process).

Question 244

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are different techniques that are commonly used for documenting the auditor's understanding of the internal control structure. These are (FIND): • Decision table/tree – Parts of an internal control structure may require a client employee to choose from several alternative actions depending on the conditions faced, and documenting such activities. This may best be accomplished by preparing a decision table that lists each possible condition and the actions that will result from ea__ (depicts the logic of an operation or process).

Answer 244

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are different techniques that are commonly used for documenting the auditor's understanding of the internal control structure. These are (FIND): • Decision table/tree – Parts of an internal control structure may require a client employee to choose from several alternative actions depending on the conditions faced, and documenting such activities. This may best be accomplished by preparing a decision table that lists each possible condition and the actions that will result from each (depicts the logic of an operation or process).

Question 245

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are different techniques that are commonly used for documenting the auditor's understanding of the internal control structure. These are (FIND): • Decision table/tree – Parts of an internal control structure may require a client employee to choose from several alternative actions depending on the conditions faced, and documenting such activities. This may best be accomplished by preparing a decision table that lists each possible condition and the actions that will result from each (depicts the lo___ of an operation or process).

Answer 245

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are different techniques that are commonly used for documenting the auditor's understanding of the internal control structure. These are (FIND): • Decision table/tree – Parts of an internal control structure may require a client employee to choose from several alternative actions depending on the conditions faced, and documenting such activities. This may best be accomplished by preparing a decision table that lists each possible condition and the actions that will result from each (depicts the logic of an operation or process).

Question 246

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are different techniques that are commonly used for documenting the auditor's understanding of the internal control structure. These are (FIND): • Decision table/tree – Parts of an internal control structure may require a client employee to choose from several alternative actions depending on the conditions faced, and documenting such activities. This may best be accomplished by preparing a decision table that lists each possible condition and the actions that will result from each (depicts the logic of an ope______ or process).

Answer 246

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are different techniques that are commonly used for documenting the auditor's understanding of the internal control structure. These are (FIND): • Decision table/tree – Parts of an internal control structure may require a client employee to choose from several alternative actions depending on the conditions faced, and documenting such activities. This may best be accomplished by preparing a decision table that lists each possible condition and the actions that will result from each (depicts the logic of an operation or process).

Question 247

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are different techniques that are commonly used for documenting the auditor's understanding of the internal control structure. These are (FIND): • Decision table/tree – Parts of an internal control structure may require a client employee to choose from several alternative actions depending on the conditions faced, and documenting such activities. This may best be accomplished by preparing a decision table that lists each possible condition and the actions that will result from each (depicts the logic of an operation or pr____ss).

Answer 247

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are different techniques that are commonly used for documenting the auditor's understanding of the internal control structure. These are (FIND): • Decision table/tree – Parts of an internal control structure may require a client employee to choose from several alternative actions depending on the conditions faced, and documenting such activities. This may best be accomplished by preparing a decision table that lists each possible condition and the actions that will result from each (depicts the logic of an operation or process).

Question 248

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are different techniques that are commonly used for documenting the auditor's understanding of the internal control structure. These are (FIND): • Decision table/tree – Parts of an internal control structure may require a client employee to choose from several alternative actions depending on the conditions faced, and documenting such activities. This may best be accomplished by preparing a decision table that lists each possible condition and the actions that will result from each (depicts the logic of an operation or process). It uses Yes/N_ questions and each answer will direct the user to the next relevant question. This is, however, a limited tool that cannot effectively document the entire structure.

Answer 248

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are different techniques that are commonly used for documenting the auditor's understanding of the internal control structure. These are (FIND): • Decision table/tree – Parts of an internal control structure may require a client employee to choose from several alternative actions depending on the conditions faced, and documenting such activities. This may best be accomplished by preparing a decision table that lists each possible condition and the actions that will result from each (depicts the logic of an operation or process). It uses Yes/No questions and each answer will direct the user to the next relevant question. This is, however, a limited tool that cannot effectively document the entire structure.

Question 249

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are different techniques that are commonly used for documenting the auditor's understanding of the internal control structure. These are (FIND): • Decision table/tree – Parts of an internal control structure may require a client employee to choose from several alternative actions depending on the conditions faced, and documenting such activities. It uses Y__/No questions and each answer will direct the user to the next relevant question.

Answer 249

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are different techniques that are commonly used for documenting the auditor's understanding of the internal control structure. These are (FIND): • Decision table/tree – Parts of an internal control structure may require a client employee to choose from several alternative actions depending on the conditions faced, and documenting such activities. It uses Yes/No questions and each answer will direct the user to the next relevant question.

Question 250

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are different techniques that are commonly used for documenting the auditor's understanding of the internal control structure. These are (FIND): • Decision table/tree – Parts of an internal control structure may require a client employee to choose from several alternative actions depending on the conditions faced, and documenting such activities. It uses Yes/No questions and e___ answer will direct the user to the next relevant question.

Answer 250

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are different techniques that are commonly used for documenting the auditor's understanding of the internal control structure. These are (FIND): • Decision table/tree – Parts of an internal control structure may require a client employee to choose from several alternative actions depending on the conditions faced, and documenting such activities. It uses Yes/No questions and each answer will direct the user to the next relevant question.

Question 251

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are different techniques that are commonly used for documenting the auditor's understanding of the internal control structure. These are (FIND): • Decision table/tree – Parts of an internal control structure may require a client employee to choose from several alternative actions depending on the conditions faced, and documenting such activities. It uses Yes/No que_____s and each answer will direct the user to the next relevant question.

Answer 251

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are different techniques that are commonly used for documenting the auditor's understanding of the internal control structure. These are (FIND): • Decision table/tree – Parts of an internal control structure may require a client employee to choose from several alternative actions depending on the conditions faced, and documenting such activities. It uses Yes/No questions and each answer will direct the user to the next relevant question.

Question 252

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are different techniques that are commonly used for documenting the auditor's understanding of the internal control structure. These are (FIND): • Decision table/tree – Parts of an internal control structure may require a client employee to choose from several alternative actions depending on the conditions faced, and documenting such activities. It uses Yes/No questions and each answer will di____ the user to the next relevant question.

Answer 252

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are different techniques that are commonly used for documenting the auditor's understanding of the internal control structure. These are (FIND): • Decision table/tree – Parts of an internal control structure may require a client employee to choose from several alternative actions depending on the conditions faced, and documenting such activities. It uses Yes/No questions and each answer will direct the user to the next relevant question.

Question 253

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are different techniques that are commonly used for documenting the auditor's understanding of the internal control structure. These are (FIND): • Decision table/tree – Parts of an internal control structure may require a client employee to choose from several alternative actions depending on the conditions faced, and documenting such activities. It uses Yes/No questions and each answer will direct the user to the next rele____ question.

Answer 253

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are different techniques that are commonly used for documenting the auditor's understanding of the internal control structure. These are (FIND): • Decision table/tree – Parts of an internal control structure may require a client employee to choose from several alternative actions depending on the conditions faced, and documenting such activities. It uses Yes/No questions and each answer will direct the user to the next relevant question.

Question 254

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are different techniques that are commonly used for documenting the auditor's understanding of the internal control structure. These are (FIND): • Decision table/tree – Parts of an internal control structure may require a client employee to choose from several alternative actions depending on the conditions faced, and documenting such activities. It uses Yes/No questions and each answer will direct the user to the next relevant que_____. This is, however, a limited tool that cannot effectively document the entire structure.

Answer 254

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are different techniques that are commonly used for documenting the auditor's understanding of the internal control structure. These are (FIND): • Decision table/tree – Parts of an internal control structure may require a client employee to choose from several alternative actions depending on the conditions faced, and documenting such activities. It uses Yes/No questions and each answer will direct the user to the next relevant question. This is, however, a limited tool that cannot effectively document the entire structure.

Question 255

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are different techniques that are commonly used for documenting the auditor's understanding of the internal control structure. These are (FIND): • Decision table/tree – Parts of an internal control structure may require a client employee to choose from several alternative actions depending on the conditions faced, and documenting such activities. It uses Yes/No questions and each answer will direct the user to the next relevant question. This is, however, a limited to__ that cannot effectively document the entire structure.

Answer 255

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are different techniques that are commonly used for documenting the auditor's understanding of the internal control structure. These are (FIND): • Decision table/tree – Parts of an internal control structure may require a client employee to choose from several alternative actions depending on the conditions faced, and documenting such activities. It uses Yes/No questions and each answer will direct the user to the next relevant question. This is, however, a limited tool that cannot effectively document the entire structure.

Question 256

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are different techniques that are commonly used for documenting the auditor's understanding of the internal control structure. These are (FIND): • Decision table/tree – Parts of an internal control structure may require a client employee to choose from several alternative actions depending on the conditions faced, and documenting such activities. It uses Yes/No questions and each answer will direct the user to the next relevant question. This is, however, a li___ed tool that cannot effectively document the entire structure.

Answer 256

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are different techniques that are commonly used for documenting the auditor's understanding of the internal control structure. These are (FIND): • Decision table/tree – Parts of an internal control structure may require a client employee to choose from several alternative actions depending on the conditions faced, and documenting such activities. It uses Yes/No questions and each answer will direct the user to the next relevant question. This is, however, a limited tool that cannot effectively document the entire structure.

Question 257

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are different techniques that are commonly used for documenting the auditor's understanding of the internal control structure. These are (FIND): • Decision table/tree – Parts of an internal control structure may require a client employee to choose from several alternative actions depending on the conditions faced, and documenting such activities. It uses Yes/No questions and each answer will direct the user to the next relevant question. This is, however, a limited tool that can___ effectively document the entire structure.

Answer 257

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are different techniques that are commonly used for documenting the auditor's understanding of the internal control structure. These are (FIND): • Decision table/tree – Parts of an internal control structure may require a client employee to choose from several alternative actions depending on the conditions faced, and documenting such activities. It uses Yes/No questions and each answer will direct the user to the next relevant question. This is, however, a limited tool that cannot effectively document the entire structure.

Question 258

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are different techniques that are commonly used for documenting the auditor's understanding of the internal control structure. These are (FIND): • Decision table/tree – Parts of an internal control structure may require a client employee to choose from several alternative actions depending on the conditions faced, and documenting such activities. It uses Yes/No questions and each answer will direct the user to the next relevant question. This is, however, a limited tool that cannot ef_______ly document the entire structure.

Answer 258

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are different techniques that are commonly used for documenting the auditor's understanding of the internal control structure. These are (FIND): • Decision table/tree – Parts of an internal control structure may require a client employee to choose from several alternative actions depending on the conditions faced, and documenting such activities. It uses Yes/No questions and each answer will direct the user to the next relevant question. This is, however, a limited tool that cannot effectively document the entire structure.

Question 259

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are different techniques that are commonly used for documenting the auditor's understanding of the internal control structure. These are (FIND): • Decision table/tree – Parts of an internal control structure may require a client employee to choose from several alternative actions depending on the conditions faced, and documenting such activities. It uses Yes/No questions and each answer will direct the user to the next relevant question. This is, however, a limited tool that cannot effectively docu____ the entire structure.

Answer 259

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are different techniques that are commonly used for documenting the auditor's understanding of the internal control structure. These are (FIND): • Decision table/tree – Parts of an internal control structure may require a client employee to choose from several alternative actions depending on the conditions faced, and documenting such activities. It uses Yes/No questions and each answer will direct the user to the next relevant question. This is, however, a limited tool that cannot effectively document the entire structure.

Question 260

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are different techniques that are commonly used for documenting the auditor's understanding of the internal control structure. These are (FIND): • Decision table/tree – Parts of an internal control structure may require a client employee to choose from several alternative actions depending on the conditions faced, and documenting such activities. It uses Yes/No questions and each answer will direct the user to the next relevant question. This is, however, a limited tool that cannot effectively document the en___e structure.

Answer 260

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are different techniques that are commonly used for documenting the auditor's understanding of the internal control structure. These are (FIND): • Decision table/tree – Parts of an internal control structure may require a client employee to choose from several alternative actions depending on the conditions faced, and documenting such activities. It uses Yes/No questions and each answer will direct the user to the next relevant question. This is, however, a limited tool that cannot effectively document the entire structure.

Question 261

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are different techniques that are commonly used for documenting the auditor's understanding of the internal control structure. These are (FIND): • Decision table/tree – Parts of an internal control structure may require a client employee to choose from several alternative actions depending on the conditions faced, and documenting such activities. It uses Yes/No questions and each answer will direct the user to the next relevant question. This is, however, a limited tool that cannot effectively document the entire struc____.

Answer 261

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are different techniques that are commonly used for documenting the auditor's understanding of the internal control structure. These are (FIND): • Decision table/tree – Parts of an internal control structure may require a client employee to choose from several alternative actions depending on the conditions faced, and documenting such activities. It uses Yes/No questions and each answer will direct the user to the next relevant question. This is, however, a limited tool that cannot effectively document the entire structure.

Question 262

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are different techniques that are commonly used for documenting the auditor's understanding of the internal control structure. These are (FIND): • Deci___ table/tree – Parts of an internal control structure may require a client employee to choose from several alternative actions depending on the conditions faced, and documenting such activities. This may best be accomplished by preparing a decision table that lists each possible condition and the actions that will result from each (depicts the logic of an operation or process). It uses Yes/No questions and each answer will direct the user to the next relevant question. This is, however, a limited tool that cannot effectively document the entire structure.

Answer 262

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are different techniques that are commonly used for documenting the auditor's understanding of the internal control structure. These are (FIND): • Decision table/tree – Parts of an internal control structure may require a client employee to choose from several alternative actions depending on the conditions faced, and documenting such activities. This may best be accomplished by preparing a decision table that lists each possible condition and the actions that will result from each (depicts the logic of an operation or process). It uses Yes/No questions and each answer will direct the user to the next relevant question. This is, however, a limited tool that cannot effectively document the entire structure.

Question 263

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are different techniques that are commonly used for documenting the auditor's understanding of the internal control structure. These are (FIND): * F = Flowchart * I = Internal Control Questionnaire (ICQ) * N = Narrative or Memorandum * D = Decision table/tree • Decision table/tree – Parts of an internal control structure may require a client employee to cho___ from several alternative ac____s depending on the conditions faced, and documenting such activities. This may best be accomplished by preparing a decision table that lists each possible condition and the actions that will result from each (depicts the logic of an operation or process). It uses Yes/No questions and each answer will direct the user to the next relevant question. This is, however, a limited tool that cannot effectively document the entire structure.

Answer 263

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are different techniques that are commonly used for documenting the auditor's understanding of the internal control structure. These are (FIND): * F = Flowchart * I = Internal Control Questionnaire (ICQ) * N = Narrative or Memorandum * D = Decision table/tree • Decision table/tree – Parts of an internal control structure may require a client employee to choose from several alternative actions depending on the conditions faced, and documenting such activities. This may best be accomplished by preparing a decision table that lists each possible condition and the actions that will result from each (depicts the logic of an operation or process). It uses Yes/No questions and each answer will direct the user to the next relevant question. This is, however, a limited tool that cannot effectively document the entire structure.

Question 264

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are different techniques that are commonly used for documenting the auditor's understanding of the internal control structure. These are (FIND): * F = Flowchart * I = Internal Control Questionnaire (ICQ) * N = Narrative or Memorandum * D = Decision table/tree • Decision table/tree – Parts of an internal control structure may require a client employee to choose from several alternative actions depending on the conditions faced, and documenting such activities. This may best be accomplished by preparing a deci____ table that lists each possible condi____ and the act___s that will result from each (depicts the logic of an operation or process). It uses Yes/No questions and each answer will direct the user to the next relevant question. This is, however, a limited tool that cannot effectively document the entire structure.

Answer 264

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are different techniques that are commonly used for documenting the auditor's understanding of the internal control structure. These are (FIND): * F = Flowchart * I = Internal Control Questionnaire (ICQ) * N = Narrative or Memorandum * D = Decision table/tree • Decision table/tree – Parts of an internal control structure may require a client employee to choose from several alternative actions depending on the conditions faced, and documenting such activities. This may best be accomplished by preparing a decision table that lists each possible condition and the actions that will result from each (depicts the logic of an operation or process). It uses Yes/No questions and each answer will direct the user to the next relevant question. This is, however, a limited tool that cannot effectively document the entire structure.

Question 265

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are different techniques that are commonly used for documenting the auditor's understanding of the internal control structure. These are (FIND): * F = Flowchart * I = Internal Control Questionnaire (ICQ) * N = Narrative or Memorandum * D = Decision table/tree • Decision table/tree – Parts of an internal control structure may require a client employee to choose from several alternative actions depending on the conditions faced, and documenting such activities. This may best be accomplished by preparing a decision table that lists each possible condition and the actions that will result from each (depicts the logic of an operation or process). It uses Yes/No questions and each answer will direct the user to the n___ relevant ques____. This is, however, a limited tool that cannot effectively document the entire structure.

Answer 265

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are different techniques that are commonly used for documenting the auditor's understanding of the internal control structure. These are (FIND): * F = Flowchart * I = Internal Control Questionnaire (ICQ) * N = Narrative or Memorandum * D = Decision table/tree • Decision table/tree – Parts of an internal control structure may require a client employee to choose from several alternative actions depending on the conditions faced, and documenting such activities. This may best be accomplished by preparing a decision table that lists each possible condition and the actions that will result from each (depicts the logic of an operation or process). It uses Yes/No questions and each answer will direct the user to the next relevant question. This is, however, a limited tool that cannot effectively document the entire structure.

Question 266

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are different techniques that are commonly used for documenting the auditor's understanding of the internal control structure. These are (FIND): * F = Flowchart * I = Internal Control Questionnaire (ICQ) * N = Narrative or Memorandum * D = Decision table/tree • Decision table/tree – Parts of an internal control structure may require a client employee to choose from several alternative actions depending on the conditions faced, and documenting such activities. This may best be accomplished by preparing a decision table that lists each possible condition and the actions that will result from each (depicts the logic of an operation or process). It uses Yes/No questions and each answer will direct the user to the next relevant question. This is, however, a li___ed tool that cannot eff______ly document the entire structure.

Answer 266

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are different techniques that are commonly used for documenting the auditor's understanding of the internal control structure. These are (FIND): * F = Flowchart * I = Internal Control Questionnaire (ICQ) * N = Narrative or Memorandum * D = Decision table/tree • Decision table/tree – Parts of an internal control structure may require a client employee to choose from several alternative actions depending on the conditions faced, and documenting such activities. This may best be accomplished by preparing a decision table that lists each possible condition and the actions that will result from each (depicts the logic of an operation or process). It uses Yes/No questions and each answer will direct the user to the next relevant question. This is, however, a limited tool that cannot effectively document the entire structure.

Question 267

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are different techniques that are commonly used for documenting the auditor's understanding of the internal control structure. These are (FIND): * F = Flowchart * I = Internal Control Questionnaire (ICQ) * N = Narrative or Memorandum * D = Decision table/tree • Decision table/tree – Parts of an internal control structure may require a client employee to choose from several alternative actions depending on the conditions faced, and documenting such activities. This may best be accomplished by preparing a decision table that lists each possible condition and the actions that will result from each (depicts the logic of an operation or process). It uses Yes/No questions and each answer will direct the user to the next relevant question. This is, however, a limited tool that cannot effectively document the entire structure.

Answer 267

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are different techniques that are commonly used for documenting the auditor's understanding of the internal control structure. These are (FIND): * F = Flowchart * I = Internal Control Questionnaire (ICQ) * N = Narrative or Memorandum * D = Decision table/tree • Decision table/tree – Parts of an internal control structure may require a client employee to choose from several alternative actions depending on the conditions faced, and documenting such activities. This may best be accomplished by preparing a decision table that lists each possible condition and the actions that will result from each (depicts the logic of an operation or process). It uses Yes/No questions and each answer will direct the user to the next relevant question. This is, however, a limited tool that cannot effectively document the entire structure.

Question 268

What type of information (of the understanding of internal control) that the auditor is required to document? - K__ elements of the understanding of the e____y and its envi_______ - Each of the 5 com_______s of internal control (C_____) - The so____s of information from which the understanding was obtained, - R___ assessment procedures performed

Answer 268

What type of information (of the understanding of internal control) that the auditor is required to document? - Key elements of the understanding of the entity and its environment - Each of the 5 components of internal control (CRIME) - The sources of information from which the understanding was obtained, - Risk assessment procedures performed -------- 2. Document Understanding of Internal Control The auditor is required to document key elements of the understanding of the entity and its environment, as well as each of the 5 components of internal control (CRIME), the sources of information from which the understanding was obtained, and the risk assessment procedures performed.

Question 269

What type of information (of the understanding of internal control) that the auditor is required to document? - Key elements of the ____________ of the entity and its environment - Each of the 5 ___________ of internal control (CRIME) - The ________ of information from which the understanding was obtained, - ________________ procedures performed

Answer 269

What type of information (of the understanding of internal control) that the auditor is required to document? - Key elements of the understanding of the entity and its environment - Each of the 5 components of internal control (CRIME) - The sources of information from which the understanding was obtained, - Risk assessment procedures performed -------- 2. Document Understanding of Internal Control The auditor is required to document key elements of the understanding of the entity and its environment, as well as each of the 5 components of internal control (CRIME), the sources of information from which the understanding was obtained, and the risk assessment procedures performed.

Question 270

What type of information (of the understanding of internal control) that the auditor is required to document? - __________________ of the understanding of the entity and its environment - ____________________ of internal control (CRIME) - ______________________ from which the understanding was obtained, - _____________________ performed

Answer 270

What type of information (of the understanding of internal control) that the auditor is required to document? - Key elements of the understanding of the entity and its environment - Each of the 5 components of internal control (CRIME) - The sources of information from which the understanding was obtained, - Risk assessment procedures performed -------- 2. Document Understanding of Internal Control The auditor is required to document key elements of the understanding of the entity and its environment, as well as each of the 5 components of internal control (CRIME), the sources of information from which the understanding was obtained, and the risk assessment procedures performed.

Question 271

What type of information (of the understanding of internal control) that the auditor is required to document?

Answer 271

What type of information (of the understanding of internal control) that the auditor is required to document? - Key elements of the understanding of the entity and its environment - Each of the 5 components of internal control (CRIME) - The sources of information from which the understanding was obtained, - Risk assessment procedures performed -------- 2. Document Understanding of Internal Control The auditor is required to document key elements of the understanding of the entity and its environment, as well as each of the 5 components of internal control (CRIME), the sources of information from which the understanding was obtained, and the risk assessment procedures performed.

Question 272

What are the specific requirements as to how the understanding of internal control is documented?

Answer 272

What are the specific requirements as to how the understanding of internal control is documented? There are NO specific requirements as to how the understanding of internal control is documented other than the requirement to document the understanding of all 5 components.

Question 273

What are the techniques commonly used for documenting the auditor's understanding of the internal control structure? (FIND): * F = Flow____ * I = Internal Control Ques_______ (ICQ) * N = Narr_____ or Memorandum * D = Dec_____ table/tree

Answer 273

What are the techniques commonly used for documenting the auditor's understanding of the internal control structure? (FIND): * F = Flowchart * I = Internal Control Questionnaire (ICQ) * N = Narrative or Memorandum * D = Decision table/tree

Question 274

What are the techniques commonly used for documenting the auditor's understanding of the internal control structure? (FIND): * F = * I = (ICQ) * N = * D =

Answer 274

What are the techniques commonly used for documenting the auditor's understanding of the internal control structure? (FIND): * F = Flowchart * I = Internal Control Questionnaire (ICQ) * N = Narrative or Memorandum * D = Decision table/tree

Question 275

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are different techniques that are commonly used for documenting the auditor's understanding of the internal control structure. These are (FIND): * F = Flowchart * I = Internal Control Questionnaire (ICQ) * N = Narrative or Memorandum * D = Decision table/tree - ---------------------- * * = Advantages * = Disadvantages • F = Flowchart - VISUAL depiction of the internal control structure - Shows a process from beginning to end - Indicates which departments or groups of employees are responsible for each function - Indicates what documents are used and how they are distributed and disposed of - Indicates the interaction among departments or groups of employees - **Helpful in determining if there is adequate SEGREGATION of duties - **Helpful in TRACING documents through the system - **Giving a sense of the FLOW and sequence of transactions in the client entity - *Flowcharting requires knowledge of specialized SYMBOLS • I = Internal Control Questionnaire (ICQ) - **Easiest to Use - Questions can be answered with a simple yes or no - YES answer = Control is properly in place (strength) - NO answer = Potential weakness - **Easily identifies potential weaknesses in internal control - *Difficult to develop a complete and comprehensive questionnaire - *Difficult to obtain an understanding of the flow of the system - The most STRUCTURED of the approaches - **EASIEST for an inexperienced audit staff member to utilize - Very popular area of testing on the CPA exam • N = Narrative or Memorandum - Narrative approach - DETAILED written description of the internal control structure - Describes the system with WORDS rather than symbols - Easier to understand the flow of the system - Easier to understand the interrelationships among departments and employees - *NOT clearly indicate whether there is adequate segregation of duties - *Difficult to visualize the flow of documentation - *Can be cumbersome - *Not commonly used • D = Decision table/tree - Client employee choose from several alternative actions and documenting such activities - May best be accomplished by preparing a decision table that lists each possible condition and the actions that will result from each - Depicts the logic of an operation or process - Yes/No questions - Each answer will direct the user to the next relevant question - *Limited tool - *Cannot effectively document the entire structure

Answer 275

Obtain an Understanding of the Entity’s Internal Control Structure (AU-C 315) Step 2 – 2. Document Understanding of Internal Control There are different techniques that are commonly used for documenting the auditor's understanding of the internal control structure. These are (FIND): * F = Flowchart * I = Internal Control Questionnaire (ICQ) * N = Narrative or Memorandum * D = Decision table/tree - ---------------------- * * = Advantages * = Disadvantages • F = Flowchart - VISUAL depiction of the internal control structure - Shows a process from beginning to end - Indicates which departments or groups of employees are responsible for each function - Indicates what documents are used and how they are distributed and disposed of - Indicates the interaction among departments or groups of employees - **Helpful in determining if there is adequate SEGREGATION of duties - **Helpful in TRACING documents through the system - **Giving a sense of the FLOW and sequence of transactions in the client entity - *Flowcharting requires knowledge of specialized SYMBOLS • I = Internal Control Questionnaire (ICQ) - **Easiest to Use - Questions can be answered with a simple yes or no - YES answer = Control is properly in place (strength) - NO answer = Potential weakness - **Easily identifies potential weaknesses in internal control - *Difficult to develop a complete and comprehensive questionnaire - *Difficult to obtain an understanding of the flow of the system - The most STRUCTURED of the approaches - **EASIEST for an inexperienced audit staff member to utilize - Very popular area of testing on the CPA exam • N = Narrative or Memorandum - Narrative approach - DETAILED written description of the internal control structure - Describes the system with WORDS rather than symbols - Easier to understand the flow of the system - Easier to understand the interrelationships among departments and employees - *NOT clearly indicate whether there is adequate segregation of duties - *Difficult to visualize the flow of documentation - *Can be cumbersome - *Not commonly used • D = Decision table/tree - Client employee choose from several alternative actions and documenting such activities - May best be accomplished by preparing a decision table that lists each possible condition and the actions that will result from each - Depicts the logic of an operation or process - Yes/No questions - Each answer will direct the user to the next relevant question - *Limited tool - *Cannot effectively document the entire structure

Question 276

What type of techniques used for documenting understanding of internal control that is a visual depiction of the internal control structure? * F = Flowchart * I = Internal Control Questionnaire (ICQ) * N = Narrative or Memorandum * D = Decision table/tree

Answer 276

What type of techniques used for documenting understanding of internal control that is a visual depiction of the internal control structure? • Flowchart ------- • Flowchart – This is a visual depiction of the internal control structure that shows a process from beginning to end and indicates which departments or groups of employees are responsible for each function, what documents are used and how they are distributed and disposed of, and the interaction among departments or groups of employees.

Question 277

What type of techniques used for documenting understanding of internal control that shows a process from beginning to end? * F = Flowchart * I = Internal Control Questionnaire (ICQ) * N = Narrative or Memorandum * D = Decision table/tree

Answer 277

What type of techniques used for documenting understanding of internal control that shows a process from beginning to end? • Flowchart ------- • Flowchart – This is a visual depiction of the internal control structure that shows a process from beginning to end and indicates which departments or groups of employees are responsible for each function, what documents are used and how they are distributed and disposed of, and the interaction among departments or groups of employees.

Question 278

What type of techniques used for documenting understanding of internal control that indicates which departments or groups of employees are responsible for each function? * F = Flowchart * I = Internal Control Questionnaire (ICQ) * N = Narrative or Memorandum * D = Decision table/tree

Answer 278

What type of techniques used for documenting understanding of internal control that indicates which departments or groups of employees are responsible for each function? • F = Flowchart ------- • Flowchart – This is a visual depiction of the internal control structure that shows a process from beginning to end and indicates which departments or groups of employees are responsible for each function, what documents are used and how they are distributed and disposed of, and the interaction among departments or groups of employees.

Question 279

What type of techniques used for documenting understanding of internal control that indicates what documents are used and how they are distributed and disposed of? * F = Flowchart * I = Internal Control Questionnaire (ICQ) * N = Narrative or Memorandum * D = Decision table/tree

Answer 279

What type of techniques used for documenting understanding of internal control that indicates which departments or groups of employees are responsible for each function? • Flowchart ------- • Flowchart – This is a visual depiction of the internal control structure that shows a process from beginning to end and indicates which departments or groups of employees are responsible for each function, what documents are used and how they are distributed and disposed of, and the interaction among departments or groups of employees.

Question 280

What type of techniques used for documenting understanding of internal control that indicate the interaction among departments or groups of employees? * F = Flowchart * I = Internal Control Questionnaire (ICQ) * N = Narrative or Memorandum * D = Decision table/tree

Answer 280

What type of techniques used for documenting understanding of internal control that indicate the interaction among departments or groups of employees? • Flowchart ------- • Flowchart – This is a visual depiction of the internal control structure that shows a process from beginning to end and indicates which departments or groups of employees are responsible for each function, what documents are used and how they are distributed and disposed of, and the interaction among departments or groups of employees.

Question 281

What type of techniques used for documenting understanding of internal control that is helpful in determining if there is adequate segregation of duties? * F = Flowchart * I = Internal Control Questionnaire (ICQ) * N = Narrative or Memorandum * D = Decision table/tree

Answer 281

What type of techniques used for documenting understanding of internal control that is helpful in determining if there is adequate segregation of duties? • Flowchart ------------ • Flowchart – This form of documentation is particularly helpful in determining if there is adequate segregation of duties as well as tracing documents through the system. Flowcharting requires knowledge of specialized symbols but does a good job of giving the auditor a sense of the flow and sequence of transactions in the client entity.

Question 282

What type of techniques used for documenting understanding of internal control that is helpful in tracing documents through the system? * F = Flowchart * I = Internal Control Questionnaire (ICQ) * N = Narrative or Memorandum * D = Decision table/tree

Answer 282

What type of techniques used for documenting understanding of internal control that is helpful in tracing documents through the system? • Flowchart ------------ • Flowchart – This form of documentation is particularly helpful in determining if there is adequate segregation of duties as well as tracing documents through the system. Flowcharting requires knowledge of specialized symbols but does a good job of giving the auditor a sense of the flow and sequence of transactions in the client entity.

Question 283

What type of techniques used for documenting understanding of internal control that does a good job of giving the auditor a sense of the flow and sequence of transactions in the client entity? * F = Flowchart * I = Internal Control Questionnaire (ICQ) * N = Narrative or Memorandum * D = Decision table/tree

Answer 283

What type of techniques used for documenting understanding of internal control that does a good job of giving the auditor a sense of the flow and sequence of transactions in the client entity? • Flowchart ------------ • Flowchart – This form of documentation is particularly helpful in determining if there is adequate segregation of duties as well as tracing documents through the system. Flowcharting requires knowledge of specialized symbols but does a good job of giving the auditor a sense of the flow and sequence of transactions in the client entity.

Question 284

What type of techniques used for documenting understanding of internal control that requires knowledge of specialized symbols? * F = Flowchart * I = Internal Control Questionnaire (ICQ) * N = Narrative or Memorandum * D = Decision table/tree

Answer 284

What type of techniques used for documenting understanding of internal control that requires knowledge of specialized symbols? • Flowchart ------------ • Flowchart – This form of documentation is particularly helpful in determining if there is adequate segregation of duties as well as tracing documents through the system. Flowcharting requires knowledge of specialized symbols but does a good job of giving the auditor a sense of the flow and sequence of transactions in the client entity.

Question 285

What type of techniques used for documenting understanding of internal control that is usually in the form of a series of questions that can be answered with a simple yes or no? * F = Flowchart * I = Internal Control Questionnaire (ICQ) * N = Narrative or Memorandum * D = Decision table/tree

Answer 285

What type of techniques used for documenting understanding of internal control that is usually in the form of a series of questions that can be answered with a simple yes or no? * Internal Control Questionnaire (ICQ) * Decision table/tree --------- • Internal Control Questionnaire (ICQ) – This is usually in the form of a series of questions that can be answered with a simple yes or no. They are usually designed so that a yes answer indicates that a control is properly in place (strength) and a no answer indicates a potential weakness. • Decision table/tree – It uses Yes/No questions and each answer will direct the user to the next relevant question. This is, however, a limited tool that cannot effectively document the entire structure.

Question 286

What type of techniques used for documenting understanding of internal control that a yes answer indicates that a control is properly in place? * F = Flowchart * I = Internal Control Questionnaire (ICQ) * N = Narrative or Memorandum * D = Decision table/tree

Answer 286

What type of techniques used for documenting understanding of internal control that a yes answer indicates that a control is properly in place? • Internal Control Questionnaire (ICQ) --------- • Internal Control Questionnaire (ICQ) – This is usually in the form of a series of questions that can be answered with a simple yes or no. They are usually designed so that a yes answer indicates that a control is properly in place (strength) and a no answer indicates a potential weakness.

Question 287

What type of techniques used for documenting understanding of internal control that a no answer indicates a potential weakness? * F = Flowchart * I = Internal Control Questionnaire (ICQ) * N = Narrative or Memorandum * D = Decision table/tree

Answer 287

What type of techniques used for documenting understanding of internal control that a no answer indicates a potential weakness? • Internal Control Questionnaire (ICQ) --------- • Internal Control Questionnaire (ICQ) – This is usually in the form of a series of questions that can be answered with a simple yes or no. They are usually designed so that a yes answer indicates that a control is properly in place (strength) and a no answer indicates a potential weakness.

Question 288

What type of techniques used for documenting understanding of internal control that is easily identifies potential weaknesses in internal control? * F = Flowchart * I = Internal Control Questionnaire (ICQ) * N = Narrative or Memorandum * D = Decision table/tree

Answer 288

What type of techniques used for documenting understanding of internal control that is easily identifies potential weaknesses in internal control? • Internal Control Questionnaire (ICQ) --------- • Internal Control Questionnaire (ICQ) – An advantage is that it easily identifies potential weaknesses in internal control but it is difficult to develop a complete and comprehensive questionnaire and it is difficult to obtain an understanding of the flow of the system using it.

Question 289

What type of techniques used for documenting understanding of internal control that is difficult to develop a complete and comprehensive questionnaire? * F = Flowchart * I = Internal Control Questionnaire (ICQ) * N = Narrative or Memorandum * D = Decision table/tree

Answer 289

What type of techniques used for documenting understanding of internal control that is difficult to develop a complete and comprehensive questionnaire? • Internal Control Questionnaire (ICQ) --------- • Internal Control Questionnaire (ICQ) – An advantage is that it easily identifies potential weaknesses in internal control but it is difficult to develop a complete and comprehensive questionnaire and it is difficult to obtain an understanding of the flow of the system using it.

Question 290

What are disadvantages of Internal Control Questionnaire (ICQ)?

Answer 290

What are disadvantages of Internal Control Questionnaire (ICQ)? It is difficult to develop a complete and comprehensive questionnaire and it is difficult to obtain an understanding of the flow of the system using it.

Question 291

What is an advantage of Internal Control Questionnaire (ICQ)?

Answer 291

What is an advantage of Internal Control Questionnaire (ICQ)? An advantage is that it easily identifies potential weaknesses in internal control

Question 292

What type of techniques used for documenting understanding of internal control that is the most structured of the approaches and is the easiest for an inexperienced staff member in an audit to utilize? * F = Flowchart * I = Internal Control Questionnaire (ICQ) * N = Narrative or Memorandum * D = Decision table/tree

Answer 292

What type of techniques used for documenting understanding of internal control that is the most structured of the approaches and is the easiest for an inexperienced staff member in an audit to utilize? • Internal Control Questionnaire (ICQ) ----------------- • Internal Control Questionnaire (ICQ) – This is usually in the form of a series of questions that can be answered with a simple yes or no. o This is the most structured of the approaches and is the easiest for an inexperienced staff member in an audit to utilize. o It is also a very popular area of testing on the CPA exam.

Question 293

What type of techniques used for documenting understanding of internal control that is the most structured of the approaches? * F = Flowchart * I = Internal Control Questionnaire (ICQ) * N = Narrative or Memorandum * D = Decision table/tree

Answer 293

What type of techniques used for documenting understanding of internal control that is the most structured of the approaches? • Internal Control Questionnaire (ICQ) ----------------- • Internal Control Questionnaire (ICQ) – This is usually in the form of a series of questions that can be answered with a simple yes or no. o This is the most structured of the approaches and is the easiest for an inexperienced staff member in an audit to utilize.

Question 294

What type of techniques used for documenting understanding of internal control that is difficult to develop a complete and comprehensive questionnaire and it is difficult to obtain an understanding of the flow of the system? * F = Flowchart * I = Internal Control Questionnaire (ICQ) * N = Narrative or Memorandum * D = Decision table/tree

Answer 294

What type of techniques used for documenting understanding of internal control that is difficult to develop a complete and comprehensive questionnaire and it is difficult to obtain an understanding of the flow of the system? • Internal Control Questionnaire (ICQ) --------------- • Internal Control Questionnaire (ICQ) – This is usually in the form of a series of questions that can be answered with a simple yes or no. n advantage is that it easily identifies potential weaknesses in internal control but it is difficult to develop a complete and comprehensive questionnaire and it is difficult to obtain an understanding of the flow of the system using it.

Question 295

What type of techniques used for documenting understanding of internal control that is in the form of a detailed written description of the internal control structure? * F = Flowchart * I = Internal Control Questionnaire (ICQ) * N = Narrative or Memorandum * D = Decision table/tree

Answer 295

What type of techniques used for documenting understanding of internal control that is in the form of a detailed written description of the internal control structure? • Narrative or Memorandum ------------ • Narrative or Memorandum – This form of documentation, often referred to as the narrative approach, is in the form of a detailed written description of the internal control structure. It generally describes the system in a manner similar to how it is depicted in a flowchart but with words rather than symbols.

Question 296

What type of techniques used for documenting understanding of internal control that describes the system in with words rather than symbols? * F = Flowchart * I = Internal Control Questionnaire (ICQ) * N = Narrative or Memorandum * D = Decision table/tree

Answer 296

What type of techniques used for documenting understanding of internal control that describes the system in with words rather than symbols? • Narrative or Memorandum ------------ • Narrative or Memorandum – This form of documentation, often referred to as the narrative approach, is in the form of a detailed written description of the internal control structure. It generally describes the system in a manner similar to how it is depicted in a flowchart but with words rather than symbols.

Question 297

What type of techniques used for documenting understanding of internal control that makes it easier for a user to understand the flow of the system and the interrelationships among departments and employees that are part of it? * F = Flowchart * I = Internal Control Questionnaire (ICQ) * N = Narrative or Memorandum * D = Decision table/tree

Answer 297

What type of techniques used for documenting understanding of internal control that makes it easier for a user to understand the flow of the system and the interrelationships among departments and employees that are part of it? • Narrative or Memorandum ------------ • Narrative or Memorandum – This form of documentation, often referred to as the narrative approach, is in the form of a detailed written description of the internal control structure. This makes it easier for a user to understand the flow of the system and the interrelationships among departments and employees that are part of it.

Question 298

What are disadvantages of Narrative or Memorandum?

Answer 298

What are disadvantages of Narrative or Memorandum? Answer: It does not clearly indicate whether there is adequate segregation of duties, and it is often difficult to visualize the flow of documentation. ------------ • Narrative or Memorandum – This form of documentation, often referred to as the narrative approach, is in the form of a detailed written description of the internal control structure. This makes it easier for a user to understand the flow of the system and the interrelationships among departments and employees that are part of it. It does not clearly indicate whether there is adequate segregation of duties, however, and it is often difficult to visualize the flow of documentation. o This approach can be cumbersome and is not commonly used. o It is tested very infrequently on the CPA exam.

Question 299

What type of techniques used for documenting understanding of internal control that can be cumbersome and is not commonly used? * F = Flowchart * I = Internal Control Questionnaire (ICQ) * N = Narrative or Memorandum * D = Decision table/tree

Answer 299

What type of techniques used for documenting understanding of internal control that can be cumbersome and is not commonly used? • Narrative or Memorandum ---------- • Narrative or Memorandum – This form of documentation, often referred to as the narrative approach, is in the form of a detailed written description of the internal control structure. This makes it easier for a user to understand the flow of the system and the interrelationships among departments and employees that are part of it. It does not clearly indicate whether there is adequate segregation of duties, however, and it is often difficult to visualize the flow of documentation. o This approach can be cumbersome and is not commonly used. o It is tested very infrequently on the CPA exam.

Question 300

What type of techniques used for documenting understanding of internal control that require a client employee to choose from several alternative actions and documenting such activities? * F = Flowchart * I = Internal Control Questionnaire (ICQ) * N = Narrative or Memorandum * D = Decision table/tree

Answer 300

What type of techniques used for documenting understanding of internal control that require a client employee to choose from several alternative actions and documenting such activities? • Decision table/tree --------------- • Decision table/tree – Parts of an internal control structure may require a client employee to choose from several alternative actions depending on the conditions faced, and documenting such activities.

Question 301

What type of techniques used for documenting understanding of internal control that may best be accomplished by preparing a decision table that lists each possible condition and the actions that will result from each? * F = Flowchart * I = Internal Control Questionnaire (ICQ) * N = Narrative or Memorandum * D = Decision table/tree

Answer 301

What type of techniques used for documenting understanding of internal control that may best be accomplished by preparing a decision table that lists each possible condition and the actions that will result from each? • Decision table/tree --------------- • Decision table/tree – This may best be accomplished by preparing a decision table that lists each possible condition and the actions that will result from each (depicts the logic of an operation or process). It uses Yes/No questions and each answer will direct the user to the next relevant question. This is, however, a limited tool that cannot effectively document the entire structure.

Question 302

What type of techniques used for documenting understanding of internal control that depicts the logic of an operation or process? * F = Flowchart * I = Internal Control Questionnaire (ICQ) * N = Narrative or Memorandum * D = Decision table/tree

Answer 302

What type of techniques used for documenting understanding of internal control that depicts the logic of an operation or process? • Decision table/tree --------------- • Decision table/tree – This may best be accomplished by preparing a decision table that lists each possible condition and the actions that will result from each (depicts the logic of an operation or process).

Question 303

What type of techniques used for documenting understanding of internal control that uses Yes/No questions and each answer will direct the user to the next relevant question? * F = Flowchart * I = Internal Control Questionnaire (ICQ) * N = Narrative or Memorandum * D = Decision table/tree

Answer 303

What type of techniques used for documenting understanding of internal control that uses Yes/No questions and each answer will direct the user to the next relevant question? • Decision table/tree --------------- • Decision table/tree – This may best be accomplished by preparing a decision table that lists each possible condition and the actions that will result from each (depicts the logic of an operation or process). It uses Yes/No questions and each answer will direct the user to the next relevant question. This is, however, a limited tool that cannot effectively document the entire structure.

Question 304

What type of techniques used for documenting understanding of internal control that is a limited tool that cannot effectively document the entire structure? * F = Flowchart * I = Internal Control Questionnaire (ICQ) * N = Narrative or Memorandum * D = Decision table/tree

Answer 304

What type of techniques used for documenting understanding of internal control that is a limited tool that cannot effectively document the entire structure? • Decision table/tree --------------- • Decision table/tree – It uses Yes/No questions and each answer will direct the user to the next relevant question. This is, however, a limited tool that cannot effectively document the entire structure.