A transaction walk- through involves:
A) reviewing the process of recording transactions.
B) reviewing and evaluating the client's accounting processes.
C) tracing a sample of documents through the accounting process.
D) touring the client's plant and operations.

Question

Quizplus · Accepted Answer

A transaction walk-through involves following a sample of transactions from initiation to recording in the accounting system to ensure that the process is accurate and reliable. Therefore, tracing a sample of documents through the accounting process is the best choice. Reviewing the process of recording transactions and evaluating the client's accounting processes may be part of the walk-through, but they are not the primary focus. Touring the client's plant and operations is not relevant to the transaction walk-through.

A Transaction Walk- Through Involves