A transaction walkthrough involves:
A)Taking a tour of the client's manufacturing facility.
B)Tracing a transaction through a client's accounting system.
C)Vouching recorded transactions back to the source documents.
D)None of the above.

Question

Quizplus · Accepted Answer

A transaction walkthrough involves tracing a transaction through a client's accounting system to gain an understanding of the process and identify any potential weaknesses or errors. Taking a tour of the manufacturing facility or vouching recorded transactions back to source documents are not necessarily part of a transaction walkthrough.

A Transaction Walkthrough Involves