During the audit of PQR Ltd., the audit team decides to develop a graphical presentation of various components of the company's internal control…
CA Intermediate · Auditing and Ethics · MTP · September 2025
During the audit of PQR Ltd., the audit team decides to develop a graphical presentation of various components of the company's internal control system. This provides a bird's eye view of the system, including the flow of transactions and their integration. It helps the auditors to understand and evaluate the internal controls more in the correct perspective. Which method of evaluating internal control is being used by the audit team?
Suggested Answer and Working Notes:
Correct Answer: Option (D)
Flow Chart
Topics: Risk Assessment and Internal Control
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