How is the auditors understanding of the clients internal control documented in the audit working papers?
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Documentation is usually in the form of flowcharts questionnaires or written narratives of the system In order to conduct audit which is effective the auditor needs to understand the internal control system of the organization However only a simple understanding is not enough for the auditor The auditor should document the internal control system The auditor can make flowcharts for instance to understand and document a process The auditor can circulate the questionnaire ...View the full answer
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Related Book For
Principles of Auditing and Other Assurance Services
ISBN: 978-0078025617
19th edition
Authors: Ray Whittington, Kurt Pany
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