AUDITING & ASSURANCE SERVICES CONNECT AC
AUDITING & ASSURANCE SERVICES CONNECT AC
10th Edition
ISBN: 9781259292057
Author: MESSIER
Publisher: MCG
Question
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Chapter 6, Problem 6.30P

a.

To determine

Introduction: Substantive testing is an audit procedure which would examine the financial statements and supportive documents to ensure statements do not contain any error. This testing would help in keeping complete records with accuracy.

To describe: Factors to be considered (before applying substantive testing) as on interim date.

b.

To determine

Introduction: Substantive testing is an audit procedure which would examines the financial statements and supportive documents to ensure statements do not contain errors. This testing would help in keeping records completed with accuracy.

To describe: Design of the substantive procedures covering the period between interim date and balance sheet date.

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