Documenting Internal Control

Overview

Explore the various tools used to document and assess internal controls

Highlights

Key Topics

• Documentation tools such as internal control questionnaires, narratives, flowcharts and control matrixes
• Auditor considerations for documenting internal controls in a risk assessment
• Documentation of an assessment of internal control

Prerequisites

None

Designed For

Who Will Benefit

Financial statement auditors, internal auditors and entity management involved in financial statement audits

Objectives

Learning Outcomes

• Identify controls in a process.
• Identify the different tools used to document internal controls.
• Recognize auditor considerations regarding documentation of internal controls.
• Recall how to document an assessment of a system of internal control.