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Auditors use various tools to document their understanding of an entity's internal control system, including narrative descriptions, internal control questionnaires, and flowcharts.Required:
1. Identify the relative strengths of narrative descriptions, flowcharts, international control question arise
2. Briefly describe how the complexity of an entity's internal control system affects the use of the various tools
Classification of Individual Business Risk Individual business risk can be low or high impact and low or high likelihood. Here are some illustrations for a satirical magazine.
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Fitri, a sole proprietor in pulic practice, plans to establish a separate department that will provide internal audit service to his audit clients.
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