An internal auditor receives a document displaying all the steps of a process and the path taken as transactions flow between each step of the process. How is the internal auditor most likely to use this document during the engagement?
An internal auditor receives a document displaying all the steps of a process and the path taken as transactions flow between each step of the process. How is the internal auditor most likely to use this document during the engagement?
The document showing all the steps of a process and the path taken as transactions flow between each step is most likely a flowchart or similar representation. The primary use of such a document for an internal auditor during an engagement is to perform an assessment of the adequacy of process controls. This involves examining whether sufficient and appropriate controls are in place at each step of the process to mitigate risks and ensure proper handling of transactions. While assessing the effectiveness of controls is important, it comes after confirming that the controls are adequately designed in the first place.
Why not A?