Keyword Analysis & Research: questions to ask during a walkthrough audit


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Frequently Asked Questions

Are audit walkthroughs sufficient?

Usually, audit walkthroughs are not sufficient to support lower control risk assessments (those less than high). If the auditor assesses control risk at less than high, she is required to test the effectiveness of the control. Since audit walkthroughs are usually a test of one transaction, they typically don’t prove operating effectiveness.

What is a walkthrough check?

Typically, walkthrough checks are done just before a scheduled internal controls process walkthrough audit. In these cases, no one knows the exact timing of an audit, only that they have a space of time in which one can happen. They are also often performed during business transitions, such as mergers, or for internal documentation activities.

What are the best questions to ask in an audit?

This style of questions helps keep things in plain English, maximising the chance that auditees actually understand what you are looking for. Often simple questions are the best. Questions like “What if…” can be a great way of exploring contingency and looking at low-likelihood events.

What is an internal control process walkthrough audit?

The final deliverable for the internal control process walkthrough audit is typically your report, made available to senior leadership, such as a CEO or the board of directors of an organization. Members of the audit committee are typically independent departments that are uninvolved in office politics.


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