Detailed Answer
(c) The requirement is to determine a benefit of a wellprepared
flowchart. A flowchart may be used to document the
auditor’s understanding of the flow of transactions and documents.
Answer (a) is incorrect because while an audit procedures
manual may suggest the use of flowcharts, flowcharts will
not in general be used to prepare such a manual. Answer (b) is
less accurate than (c) because while it may be possible to obtain
general information on various jobs, the flowchart will not allow
one to obtain a detailed job description. Answer (d) is incorrect
because a flowchart does not directly address actual accuracy of
financial data within a system.
