Unformatted text preview: b. Characteristics: processes are labeled 1.0, 2.0, 3.0, and so on Sarbanes-Oxley states that management is 1. Is responsible for internal control system 2. Is responsible for assessing the effectiveness of the Internal Control System 3. Both management and external auditors need to document and test IC system Flowcharts 1. Internal Auditors use flowcharts to better understand their company’s business processes 2. Flowcharts depict how business processes are performed and documents flow 3. And help to analyze how to improve processes and document flows 4. Flowcharts can be drawn in Microsoft word, excel, and powerpoint....
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- Spring '10
- Accounting, Flow Diagram DFD, Data stores DFD