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Identify the relative strengths and weaknesses of each tool

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Reference no: EM132563914

Question - Auditors use various tools to document their understanding of an entity's accounting and internal control systems, including narrative descriptions, internal control questionnaires and flowcharts.

Required -

a. Identify the relative strengths and weaknesses of each tool.

b. Briefly describe how the complexity of an entity's accounting and internal control system affects the use of various tools.

Reference no: EM132563914

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