Page 289 - COSO Guidance Book

Chapter 8

Documentation: Guidance and Tools

Learning objectives

 Recall forms of and uses of tools such as questionnaires, flowcharts, narratives, and control matrixes
to assist in documenting internal controls over financial reporting.

 Identify organizations that provide various tools to assist in documenting internal controls.

Introduction

There are numerous tools that can be used to assist the auditor or management in documenting internal
controls over financial reporting. The more common tools will be addressed in this chapter. These tools
include questionnaires, flowcharts, narratives, and control matrixes. Certain tools are more appropriate in
certain circumstances. These topics will be addressed in this chapter.

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