How to Conduct an Internal Control Process Walkthrough. As part of a financial statement audit, auditors are required to obtain an understanding of a company's internal control system.

Business process mapping has a long history going back to the 1920s when Frank Bunker Gilbert Sr. unveiled the “flow process chart” to the American Society of Mechanical Engineers (ASME).

A control can and often is more than one of these categories. Internal controls are often part of the process, especially manual controls. However, your procedures (or process) are not always a ...