Gambaran Pengertian Substantive Test dan tambahan contoh prosedur dari jenis Fase Audit terkait + file attachment dari amandalovestoaudit.com
Image dari amandalovestoaudit.com Dikutip dari https://reciprocity.com/ Substantive testing is an audit that looks for flaws in financial records. These tests are required to prove that a company’s financial records are comprehensive, valid, and accurate. Substantive audit procedures prove that each material assertion in the financial statements is true. That said, tests may also reveal monetary errors or misstatements in the recording or presentation of transactions and balances. Types of Substantive Tests There are three types of substantive tests, explained below. Analytical procedures. Substantive analytical procedures compare several financial and operational data sets to examine whether trends and relationships are consistent. These techniques are intended to alert you to potential issues with your financial records, which you can then investigate further. Test of details of transactions. A test of tr...