Week 5 - Ascertain the System

Question 1

Say, via:

Answer 1

• enquiry
• inspection
• observation
• walk-through

Question 2

Walk-through test

Answer 2

Follow some transactions from the beginning of the system to the end to see if the controls you expect are there

Question 3

What does the walk-through test enable the auditor to do?

Answer 3

Enables the auditor to understand the system and/or check that the system has been correctly recorded

Question 4

Initial assessment if…

Answer 4

Appropriate controls in place

Question 5

What is a walk-through not?

Answer 5

NOT a test of controls. It is unlikely to tell you the controls work and are operational