The second part (b) is asking you comment on the weakness in the controls based on the flowcharts. So the answer to that will be based on your assessment of whether there is adequate segregation of duties, or whether there is adequate documentation and proper custody of assets. Try to answer the second part as best you can. But the first part should be based off what is described to you in the statement of the problem or the flowchart itself.

Required You recognize weaknesses in the existing system and believe a document flowchart would be beneficial in evaluating the client's internal control in preparing for your exami- nation of the financial statements. a. Complete the flowchart given in Figure 3-12, for sales and cash receipts of Charting, Inc.; by labeling the appropriate symbols and indicating information flows. b. critique the flowchart shown in Figure 3-12. List the ways the flowchart violates the guidelines or uses improper symbols. (CPA Examination, adapted)