Which of the Following Documents Will an Auditor Use to Demonstrate

question 63

Multiple Choice

Which of the following documents will an auditor use to demonstrate an understanding of internal control?

• A)Checklists,disclosures and procedures.
• B)The audit report,internal control opinions and confirmations.
• C)Workpapers,engagement letters and management representation letters.
• D)Questionnaires,narratives and flowcharts.

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Definitions:

Negotiations

The process of discussion aimed at reaching an agreement or compromise between two or more parties.

Offeree's Silence

A legal concept where the silence of the party to whom an offer is made does not generally constitute acceptance of the offer.

Acceptance

The act of agreeing to the terms of an offer, thus completing the process of making a contract binding.

Negotiations

The process of discussing terms andconditions in order to reach a mutual agreement or compromise.