Substantive Procedures Flashcards
1
Q
Substantive Procedures Процедуры проверки на существенность
Perform to detect Material Misstatement at the Relevant assertion level.
Required for each material transaction, class, account balance or disclosure
Substantive procedures include:
- Test of details of transactions and balances
- Analytical procedures
A
Consider when using it:
-Designing and performing sub analytical Procedures, including ADAs and any associated technique s, tools, graphio
-Efficiency and effectiveness of analytical procedy
-Limitation of analytical procedures
-Documentation requirements
Analytical procedures used as an overall review
