Why Might an Auditor Use a Program Flowchart

question 72

Essay

Why might an auditor use a program flowchart?

Recognize the role of human resources in creating a competitive advantage.

Understand the significance of evolving a company culture and its replication difficulty.

Distinguish between various social media technologies and their relevance to businesses.

Understand the stakeholder relationship between employees and employers.

---

Definitions:

Push And Pull Systems

Supply chain strategies where "push" involves production based on forecasted demand and "pull" relies on actual demand signals for production.

Inventory Management System

A technology-based approach that tracks inventory levels, orders, sales, and deliveries to ensure that the right product is available at the right time.

Seasonality

The occurrence of fluctuations in demand, production, or other variables based on seasonal trends or patterns, often predictable within a calendar year.

Inventory

The total amount of goods or materials held in stock by a business, crucial for meeting customer demand and ensuring smooth operations.