Question: Describe what is meant by a walk through Must walk throughs be
Describe what is meant by a “walk-through.” Must walk-throughs be performed during audits of internal control over financial reporting? May the client perform a walk-through and the auditors then review the client’s work?
Answer to relevant QuestionsAuditors often perform walk-throughs in integrated audits. Describe the evidence that is typically provided by a walk-through.Describe the requirements involved when auditors are engaged to report on whether a previously reported material weakness continues to exist.Describe a CPA's reporting responsibility when compiling financial statements that are not expected to be used by a third party.The following statements relate to auditor reporting on financial statements prepared using special-purpose financial reporting frameworks. For each, indicate whether the statement is correct or incorrect..:.Evaluate this statement: "Auditors perform attestation services and accountants perform accounting services."
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