Walk-Through Test

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Definition

A walk-through test is a procedure under financial audit performed by auditors.

What is a 'Walk-Through Test'

A walk-through test is a procedure used during an audit of an entity's accounting system to gauge its reliability. Walk-though tests trace the transaction step-by-step through the accounting system from its inception to the final disposition.

Explaining 'Walk-Through Test'

A walk-though test is only one of many tests performed by auditors during their evaluation of an organization's accounting controls and risk management measures. The test can reveal system deficiencies and material weaknesses that would need to be rectified by the organization at the earliest.

A" Random-walk" through the Saudi Arabian financial market-Is the Tadawul efficient?
search.proquest.com [PDF]
… other emerging Argentina, Brazil, Chile and Mexico and rejects the existence of a random ratio test … finds all markets to be weak-form efficient when rieb & Reyes, (1999) tested the Brazilian … Variance ratio testing is a standard tool in random walk is procedure is not sufficient on …

Testing the random walk hypothesis of stock indexes through variance-ratio
pen.ius.edu.ba [PDF]
… other emerging Argentina, Brazil, Chile and Mexico and rejects the existence of a random ratio test … finds all markets to be weak-form efficient when rieb & Reyes, (1999) tested the Brazilian … Variance ratio testing is a standard tool in random walk is procedure is not sufficient on …

Non-linear approach to Random Walk Test in selected African countries
www.emerald.com [PDF]
… other emerging Argentina, Brazil, Chile and Mexico and rejects the existence of a random ratio test … finds all markets to be weak-form efficient when rieb & Reyes, (1999) tested the Brazilian … Variance ratio testing is a standard tool in random walk is procedure is not sufficient on …

Meltdown modelling: could agent-based computer models prevent another financial crisis?
go.gale.com [PDF]
… other emerging Argentina, Brazil, Chile and Mexico and rejects the existence of a random ratio test … finds all markets to be weak-form efficient when rieb & Reyes, (1999) tested the Brazilian … Variance ratio testing is a standard tool in random walk is procedure is not sufficient on …

Testing random walk hypothesis for Istanbul stock exchange
services.bepress.com [PDF]
… other emerging Argentina, Brazil, Chile and Mexico and rejects the existence of a random ratio test … finds all markets to be weak-form efficient when rieb & Reyes, (1999) tested the Brazilian … Variance ratio testing is a standard tool in random walk is procedure is not sufficient on …

Testing the hypothesis of beta stationarity
www.jstor.org [PDF]
… other emerging Argentina, Brazil, Chile and Mexico and rejects the existence of a random ratio test … finds all markets to be weak-form efficient when rieb & Reyes, (1999) tested the Brazilian … Variance ratio testing is a standard tool in random walk is procedure is not sufficient on …

A random walk through Mayfair: Art as a luxury good and evidence from dynamic models
www.sciencedirect.com [PDF]
… other emerging Argentina, Brazil, Chile and Mexico and rejects the existence of a random ratio test … finds all markets to be weak-form efficient when rieb & Reyes, (1999) tested the Brazilian … Variance ratio testing is a standard tool in random walk is procedure is not sufficient on …

A virtual walk through London: culture learning through a cultural immersion experience
www.tandfonline.com [PDF]
… other emerging Argentina, Brazil, Chile and Mexico and rejects the existence of a random ratio test … finds all markets to be weak-form efficient when rieb & Reyes, (1999) tested the Brazilian … Variance ratio testing is a standard tool in random walk is procedure is not sufficient on …

Critical research on eco-cities? A walk through the Sino-Singapore Tianjin Eco-City, China
www.sciencedirect.com [PDF]
… other emerging Argentina, Brazil, Chile and Mexico and rejects the existence of a random ratio test … finds all markets to be weak-form efficient when rieb & Reyes, (1999) tested the Brazilian … Variance ratio testing is a standard tool in random walk is procedure is not sufficient on …

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Q&A About Walk-Through Test

When are these tests performed?

Walk-though tests are performed during audits of organizations' accounting systems and controls.

Who performs the walk-though tests?

Auditors perform this type of test.

What is a walk-through test?

A walk-through test is a procedure used during an audit of an entity's accounting system to gauge its reliability.

How can a walk-through test reveal system deficiencies and material weaknesses?

This type of testing reveals any issues with an organization's accounting systems or controls that need to be rectified immediately.

What does the walk-through test trace?

The transaction step by step through the accounting system from its inception to the final disposition.

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