Walk-Through Test


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

Walk-Through 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. 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.

Further Reading

  • A" Random-walk" through the Saudi Arabian financial market-Is the Tadawul efficient? – search.proquest.com [PDF]
  • Testing the random walk hypothesis of stock indexes through variance-ratio – pen.ius.edu.ba [PDF]
  • Non-linear approach to Random Walk Test in selected African countries – www.emerald.com [PDF]
  • Meltdown modelling: could agent-based computer models prevent another financial crisis? – go.gale.com [PDF]
  • Testing random walk hypothesis for Istanbul stock exchange – services.bepress.com [PDF]
  • Testing the hypothesis of beta stationarity – www.jstor.org [PDF]
  • A random walk through Mayfair: Art as a luxury good and evidence from dynamic models – www.sciencedirect.com [PDF]
  • A virtual walk through London: culture learning through a cultural immersion experience – www.tandfonline.com [PDF]
  • Critical research on eco-cities? A walk through the Sino-Singapore Tianjin Eco-City, China – www.sciencedirect.com [PDF]