State about walk-through tests - auditor, Financial Management

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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.

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