State about walk-through tests - auditor, Financial Management

Walk-through tests - Auditor

• "Walk-through tests" -That is tracing one or more transactions by accounting system and observing application of internal controls.

  • Review of prior year file and previous experience of reliability of system.
  • Review of procedures manuals and systems descriptions.
  • Enquiry of management and personnel.
  • Examine documents / records produced by systems.
  • Observation of the activities and operations, including IT function and the nature of transaction processing.

 

Posted Date: 9/3/2013 3:01:45 AM | Location : United States







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