Session 6 Flashcards

1
Q

What are the 4 tools for documenting the understanding of the internal controls?

A

MNQF
-Manuals procedures and organizational charts
- Narrative description (memo)
- Questionnaires (IC) for complex structures
- Flowcharts

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
2
Q
A
How well did you know this?
1
Not at all
2
3
4
5
Perfectly