CMA-Financial-Planning-Performance-and-Analytics Exam Dumps | Edward Pane is an external auditor who is seeking an understanding of the cash receipts process at his

<< Prev Question Next Question >>

Question 3/41

Edward Pane is an external auditor who is seeking an understanding of the cash receipts process at his new client Pane decides to use a flowchart to analyze the operations for efficiency and control. Which one of the following statements is true with respect to the decision to use a flowchart for this purpose?

A. Pane properly selected the flowchart as it will help to depict the process and identify any missing or inadequate controls

B. Pane should not use a flowchart as it is used primarily after the risks have been identified

C. Pane should not have selected a flowchart as it is better suited to help with compliance testing of existing controls

D. Pane property selected the flowchart as a tool to match each of the risks to the corresponding primary control

Question 3/41

LEAVE A REPLY

Download PDF File