A graphic representation of an accounting application that normally identifies key controls that are effective in achieving specific control policies and procedures is:
A)an internal control questionnaire.
B)a flowchart.
C)an internal control narrative.
D)a walk-through.

Question

Quizplus · Accepted Answer

A flowchart is a clear and concise graphic representation of an accounting application or process that shows key controls and their effectiveness in achieving specific control policies and procedures. It allows the auditor to understand the flow of transactions and identify potential control weaknesses or strengths. Internal control questionnaires, internal control narratives, and walk-throughs are other methods used to assess internal controls but do not provide a graphic representation of the process.

A Graphic Representation of an Accounting Application That Normally Identifies