Which of the following is a disadvantage of using flowcharts during a risk assessment?
A.
People cannot quickly understand the processes via flowcharts
B.
Flowcharts are not applicable for evaluating the design of controls
C.
Some serious risks that are not part of the linear process can be missed
D.
Flowcharts do not enable auditors to identify missing controls
The Answer Is:
C
This question includes an explanation.
Explanation:
One disadvantage of using flowcharts during a risk assessment is that they may not capture serious risks that are not part of the linear process flow. Flowcharts are excellent tools for visualizing processes and identifying control points within a structured workflow. However, they might overlook risks that arise from non-linear interactions, external factors, or complex interdependencies that are not easily represented in a flowchart format. This limitation can result in an incomplete risk assessment if the auditor relies solely on flowcharts without considering other methods to identify all potential risks.References:
Institute of Internal Auditors (IIA), Practice Guide – Auditing the Control Environment.
IIA-CIA-Part2 PDF/Engine
Printable Format
Value of Money
100% Pass Assurance
Verified Answers
Researched by Industry Experts
Based on Real Exams Scenarios
100% Real Questions
Get 60% Discount on All Products,
Use Coupon: "8w52ceb345"