What form of internal control documentation will an auditor likely use when they are not personally familiar with the industry they are auditing? O combination of narratives and flowcharts narratives O preformatted questionnaire O flowcharts

What form of internal control documentation will an auditor likely use when they are not personally familiar with the industry they are auditing? O combination of narratives and flowcharts narratives O preformatted questionnaire O flowcharts

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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What form of internal control documentation will an auditor likely use when they are not personally
familiar with the industry they are auditing?
O combination of narratives and flowcharts
narratives
O preformatted questionnaire
O flowcharts

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