Please make up a narrative and a document flowchart. No actual balances or financial statements needed, just need a flowchart of checking account system

1. The auditor has asked you to prepare a narrative that describes your personal accounting system you use for your checking account [and/or debit card account]. Assuming you prepare monthly statements for interested partie s. These ‘statements’ show the end of month balance and a summary of cash flows [sources of funds and uses]. You keep separate records from your bank and must reconcile the bank balance with your checking account balance. When you submit the statements, you assert they are ‘fairly presented’ and meet the relevant assertions [see ch. 16] for cash [occurrence, accuracy, completeness, cutoff, classification]. You are aware that your statements are subject to AICPA F/S audits.

Please create an audit flowchart

B. Now you take on the role of the auditor and prepare audit relevant flowcharts of the checking account accounting system. Include in this documentation a list of the most important threats [control weaknesses, causes of error, etc., do not consider FRAUD risk] and of controls that the auditor could rely on and test.