“Walkthroughs? Why are we talking about walkthroughs? I’m doing a substantive audit!” Unfortunately, this is the thinking of many engagement teams, especially those who are not performing a PCAOB audit. However, as you’ll learn in this course, auditors are required to evaluate the design and implementation of identified controls for any audit and the way we document our procedures is, you guessed it, a walkthrough! In this CPE-eligible (1.5 CPE) eLearning course, you will learn about the various controls within the control activities component of an entity’s system of internal control. We then discuss how to identify those relevant or key controls because, for these identified controls, we are required to evaluate the design and implementation (D&I) by performing risk assessment procedures. Finally, we learn about walkthroughs, specifically what they are, the key elements, and how they are documented by auditors. This course is based on the revised guidance within SAS 145 Understanding the Entity and Its Environment and Assessing the Risk of Material Misstatement which is codified in AU-C section 315 of the same title. If you are an auditor who audits financial statements in accordance with Public Company Accounting Oversight Board (PCAOB) auditing standards, U.S. generally accepted auditing standards (U.S. GAAS), or International Standards of Auditing (ISAs), this course is an absolute must.