A Systems Flowchart

question 35

Multiple Choice

A systems flowchart:

• A)Can help an auditor understand an organization's business processes as part of the third generic step of a financial statement audit.
• B)Can help an auditor verify all five financial statement assertions as part of the fourth generic step of a financial statement audit.
• C)Both can help an auditor understand an organization's business processes as part of the third generic step of a financial statement audit and can help an auditor verify all five financial statement assertions as part of the fourth generic step of a financial statement audit.
• D)Neither can help an auditor understand an organization's business processes as part of the third generic step of a financial statement audit nor can help an auditor verify all five financial statement assertions as part of the fourth generic step of a financial statement audit.

---

Definitions:

Enolate

An intermediate formed from an aldehyde or ketone in the presence of a strong base, characterized by the presence of a negatively charged oxygen atom adjacent to a carbon-carbon double bond.

1-pentene

A hydrocarbon with the formula C5H10, characterized by having a double bond between two of its carbon atoms, making it an alkene.

Bromine

A halogen element with the symbol Br and atomic number 35, used in various chemical syntheses and as a flame retardant.

Propanal

An aldehyde with the chemical formula C3H6O, characterized by a short carbon chain with a terminal carbonyl group.