Walkthrough
Accounting glossary · Understand, connect, apply
A walkthrough follows a transaction through the steps and systems used to process it and record it in the financial records.
Example
An auditor follows one purchase from the requisition and receiving record through invoice approval, payment and the general ledger.
Remember the difference
A walkthrough helps reveal who performs each step and where errors can arise. The extent of evidence it gives about operating effectiveness depends on the procedures performed.
Browse the accounting glossary · PCAOB reference: AS 2201
Prepared with AI assistance. Examples are fictional and simplified for learning.
Examples are simplified for learning. Where a term depends on US law, IFRS, US GAAP or a historical rule, check the context explained above and the requirements relevant to your course.
Study references: OpenStax financial accounting and managerial accounting. For reporting requirements, consult the applicable IFRS Standards or FASB guidance. US tax terms should be checked against the relevant tax-year IRS instructions.
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