Several studies have examined the accuracy of the Kinect V2 sensor during gait analysis. Usually the data retrieved by the Kinect V2 sensor are compared with the ground truth of certified systems using a Euclidean comparison. Due to the Kinect V2 sensor latency, the application of a uniform temporal alignment is not adequate to compare the signals. On that basis, the purpose of this study was to explore the abilities of the dynamic time warping (DTW) algorithm to compensate for sensor latency (3 samples or 90 ms) and develop a proper accuracy estimation. During the experimental stage, six iterations were performed using the a dual Kinect V2 system. The walking tests were developed at a self-selected speed. The sensor accuracy for Euclidean matching was consistent with that reported in previous studies. After latency compensation, the sensor accuracy demonstrated considerably lower error rates for all joints. This demonstrated that the accuracy was underestimated due to the use of inappropriate comparison techniques. On the contrary, DTW is a potential method that compensates for the sensor latency, and works sufficiently in comparison with certified systems.