Overview of Audit Process Flashcards by Jumi Gogoi

Q

audit planning – review & preliminary eval – test of control (re-eval) — SUBSTANTIVE TESTS 1. Analytical procedures 2. test of details — Audit report

Analytical procedure : inspection, obsrvation, inquires, confirmation
Tests of detail: test of ending bal & test of transaction

A

SUBSTANTIVE AUDIT TEST/PROCEDURE

to detect material misstatements
SUBSTANTIATE= TO VERIFY

How well did you know this?

1

Not at all

2

3

4

5

Perfectly