In: Accounting
Yes in my view
All the document charts, system flow chart, data flow diagram
And program flowcharts are very necessary for documentation purpose
Explanation for the above given statement
1. It is very important to prove auditors duty has discharged in the case if the auditor has sued for no did his minimum duties regarding audit
2. Documentation is necessary for the future reference of the completed audit
3. Documentation helps auditor and audit team to complete audit fast and accurate
4. Documentation in a step wise manner helps in clear understanding to the all new people in audit team
5. Documentation also can be in the form of charts and data flow diagram which is helps users to easy understanding of the entire work even to a new person or a layman
6. As per rules also the auditor has to reserve the documents for certain number of years to avoid misunderstandings in future in legal aspects also.
Thank you.