What is the primary purpose of conducting a walkthrough with stakeholders during an audit?

Conducting a walkthrough with stakeholders during an audit serves the essential purpose of confirming understanding of the audit objectives and explaining the audit process. This interaction enables auditors to engage directly with stakeholders, fostering a collaborative environment in which both parties can clarify expectations and align on the goals of the audit.

During this walkthrough, stakeholders can ask questions, provide insights about their areas of involvement, and express concerns that they might have regarding the audit. This two-way communication is crucial for ensuring that everyone is on the same page regarding what the audit entails, what information is needed, and how the findings will be utilized.

Additionally, involving stakeholders in this way can help mitigate misunderstandings later in the audit process, streamline data collection, and enhance the overall effectiveness of the audit. It lays a foundation for open communication, which can lead to a more successful audit outcome, ultimately benefiting the organization by addressing concerns and highlighting areas for improvement.