A Walkthrough Involves Following a Transaction Back from When It

question 71

True/False

A walkthrough involves following a transaction back from when it is reflected in the financial records to when it originated to determine if the controls are effectively designed and have been implemented.

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Definitions:

Expressed

Expressed in a straightforward or obvious manner; explicitly revealed.

Proposition Not-p

A proposition that negates another proposition, symbolically represented as ¬p.

Contraries

Statements, ideas, or actions that are opposed to each other; in logic, two propositions are contraries if they cannot both be true but can both be false.

Negated

Made ineffective or invalidated; in logic, a proposition that denies or contradicts another proposition.