What Are the Most Common Forms of Documentation for Client

question 77

Multiple Choice

What are the most common forms of documentation for client internal controls, particularly in smaller environments where accounting and internal control activities are simple?

• A)Narratives
• B)Logic diagrams
• C)Flow charts
• D)Preformatted questionnaires

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Definitions:

Substantive Rationality

Involves assessing actions based on a broader set of values and outcomes, rather than just efficiency or logical reasoning.

Value System

A set of consistent values and measures that guide the behavior and beliefs of an individual or group.

Theoretical Rationality

A concept in philosophy and rationality studies that concerns the systematic and principled organization of knowledge and actions according to logical, methodical, and coherent principles.

Practical Rationality

The use of reason to address practical matters, focusing on achieving specific goals or meeting certain needs rather than on abstract principles.