Audit walkthrough

What is Audit walkthrough? The below diagram explains Audit walkthrough. This chart shows an important concept or a framework to help one run their business, improve company's strategy, internal processs, enhance project management, technology, and client experience.

Audit walkthrough

The point of your internal audit walkthrough is to help inform and update the transaction process and check on how these processes are functioning, making improvements wherever possible. This could look different for every organization.

The point of your internal audit walkthrough is to help inform and update the transaction process and check on how these processes are functioning, making improvements wherever possible. This could look different for every organization.

Answer: Once per year, if this is how you corroborate your understanding of the cycle. While walkthroughs are not specifically required in the audit standards, you do need to verify your understanding of the accounting system and related controls. And I know of no better way. AICPA Guidance on Walkthrough Frequency