substantive testing

What Are Substantive Analytical Procedures?

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What Are Substantive Analytical Procedures? Substantive analytical procedures. Analytical procedures are used as substantive procedures when the auditor considers that the use of analytical procedures can be more effective or efficient than tests of details in reducing the risk of material misstatements at the assertion level to an acceptably low level. What are examples of

What Is The Purpose Of Tests Of Control?

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What Is The Purpose Of Tests Of Control? Tests of Controls in an Audit of Internal Control. The objective of the tests of controls in an audit of internal control over financial reporting is to obtain evidence about the effectiveness of controls to support the auditor’s opinion on the company’s internal control over financial reporting.