Which of the following is not true regarding the performance of a walkthrough?
A) It is a type of ICFR consisting of a set of related procedures that are performed together for the purpose of identifying important control points or deficiencies in controls.
B) The auditor follows a transaction from origination through the processes and information systems until it is recorded in the accounting books.
C) It combines the audit procedures of tracing, inquiry, and observation.
D) It is an efficient way for an auditor to test the operating effectiveness of controls.

Question

Quizplus · Accepted Answer

The statement "It is an efficient way for an auditor to test the operating effectiveness of controls" is not true regarding the performance of a walkthrough. While a walkthrough can help identify control points and deficiencies, it is not designed to test control effectiveness. It is primarily used for understanding the design and implementation of controls.

Which of the Following Is Not True Regarding the Performance