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Commerce · Q7

Auditing

Graduate and Post Graduate · Commerce · question 7

Q7

A flow chart, made by the auditor, of an entity's internal control system is a graphic representation that depicts the auditor's:

A.
Understanding of the system
Answer
B.
Understanding of fraud risk factors
C.
Documentation of assessment of control risk
D.
Both A and C

Answer: Option A

Solution

Answer: Option A
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