Carly Jackson Is a Staff Auditor for a Public Accounting

question 22

Multiple Choice

Carly Jackson is a staff auditor for a public accounting firm.She has been asked to document the client's existing accounting information system so the engagement team can assess the client's adequacy of controls around financial reporting.She decides to begin by creating a flowchart to describe,analyze,and evaluate internal controls.What documentation tool should she use for this purpose?

• A)internal control flowchart
• B)document flowchart
• C)system flowchart
• D)dataflow diagram

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Definitions:

Forgotten Generation

This term refers to a group of people overlooked or neglected by society and historiography, often due to their age, time of birth, or socio-economic circumstances.

Generation X

A demographic cohort following the Baby Boomers and preceding Millennials, typically born between the mid-1960s and early 1980s.

Generation Y

Another term for Millennials, referring to the demographic cohort born approximately between the early 1980s and the late 1990s to early 2000s.

Baby Boomers

Individuals born approximately between 1946 and 1964, characterized by a significant increase in birth rates following World War II.