yrum CPAs are currently working on the audit of Longfellow Industries, a producer of sheet metal in the Midwestern region of the Inited States. One of the audit partners assigned to the engagement has mentioned that he believes that when it comes to the client's evenue-receivables cycle transactions, the auditors should consider having a couple of staff associates perform a walkthrough. Which f the following best elicits the reasons for performing a walkthrough? If an auditor performs a walkthrough of a client's business cycle, it will help the auditor to identify business and operational efficiencies that could be recommended to the client. The auditor can then charge the client advisory fees for these services. When an auditor performs a walkthrough of a client's operational and business cycles, it helps the auditor to identify specific misstatements present in processes, and eliminate them. If an auditor performs a walkthrough of a client's transactions, he or she will become more familiar with that particular cycle and/or process. As many auditors often go to work for their audit clients, this would serve the auditor well. If an auditor performs a walkthrough of a client's transactions, it will enable to the auditor to understand the processes and associated documentation better from beginning to end. This increased understanding will help the auditor to potentially locate areas of higher inherent risk which may be worthy of further audit attention