A walkthrough is important as _________.
A)different companies often have different documents and transaction flows
B)the volume of routine transactions in the revenue cycle is very high
C)companies with dominant market shares often obtain premium gross margins
D)any growth in sales is usually accompanied by receivable growth that consumes operating cash

Question

Quizplus · Accepted Answer

A walkthrough is important because different companies often have different documents and transaction flows. A walkthrough helps to familiarize auditors and management with the specific revenue cycle of the company being audited, which can vary significantly between companies.

A Walkthrough Is Important as _________