Which of the Following Is not Ordinarily a Procedure for Documenting

question 48

Multiple Choice

Which of the following is not ordinarily a procedure for documenting an auditor's understanding of internal control for planning purposes?

• A)Checklist.
• B)Flowchart.
• C)Questionnaire.
• D)Confirmation.

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Definitions:

Cash Dividends

Distributions of a company's earnings to shareholders in the form of cash.

Selling and Administrative Expenses

Costs related to the day-to-day operations of a business, excluding manufacturing expenses.

Internal Rate of Growth

The maximum rate at which a firm can grow its sales and revenue without needing to increase external financing, relying solely on its own profits.