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Extract/Description

An internal audit walk-through is a direct step by step demonstration of an activity under review by management personnel who are closely involved with this activity. It is a beneficial tool to develop an engagement risk assessment, gather audit evidence and engage with stakeholders.

An internal audit walk-through is a direct step by step demonstration of an activity under review by management personnel who are closely involved with this activity. It is a beneficial tool to develop an engagement risk assessment, gather audit evidence and engage with stakeholders.

Key Points

1. Walk-throughs can be performed at the planning and fieldwork stages to support the audit process and to meet the Global Internal Audit Standards.
2. Tips have been outlined to hold an effective walkthrough and make the most of the time spent with management

Relevant Industries

Level of Assumed Knowledge

Aligned to Global Internal Audit Standards