A System Walkthrough Is Primarily Used to Help the Auditor

question 111

Multiple Choice

A system walkthrough is primarily used to help the auditor

• A) test the ending account balances.
• B) test the details of transactions.
• C) determine whether internal controls have been properly implemented.
• D) determine whether the audit engagement should be accepted.

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Definitions:

Insurer

An insurer is a company that offers insurance policies to individuals or entities, providing financial protection against losses or damages in exchange for premiums.

Designated Beneficiary

A person named in a legal document who is authorized to receive benefits or assets upon the death of the owner or holder of the document.

Specific Sum

A precise amount of money defined and agreed upon in a contractual or legal context.

Contractors' Liability Insurance

Insurance coverage that protects contractors against claims arising from injuries or damages to other people or property during the construction process.