Substantive checking refers to the audit procedures to study and evaluate the financial statements and books of accounts of the client in order to check whether there are any errors or not. These checks helps the Auditor to conclude about the overall picture of the Client’s organization. To state: the difference between an audit which is reliant on controls and an extensive detailed audit.

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Answer 1

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Chapter 7, Problem 24RQSC

To determine

Introduction:Substantive checking refers to the audit procedures to study and evaluate the financial statements and books of accounts of the client in order to check whether there are any errors or not. These checks helps the Auditor to conclude about the overall picture of the Client’s organization.

To state:the difference between an audit which is reliant on controls and an extensive detailed audit.

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Answer 2

Question

Chapter 7, Problem 24RQSC

To determine

Introduction:Substantive checking refers to the audit procedures to study and evaluate the financial statements and books of accounts of the client in order to check whether there are any errors or not. These checks helps the Auditor to conclude about the overall picture of the Client’s organization.

To state:the difference between an audit which is reliant on controls and an extensive detailed audit.

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Answer 3

Question

Chapter 7, Problem 24RQSC

To determine

Introduction:Substantive checking refers to the audit procedures to study and evaluate the financial statements and books of accounts of the client in order to check whether there are any errors or not. These checks helps the Auditor to conclude about the overall picture of the Client’s organization.

To state:the difference between an audit which is reliant on controls and an extensive detailed audit.

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Answer 4

Question

Chapter 7, Problem 24RQSC

To determine

Introduction:Substantive checking refers to the audit procedures to study and evaluate the financial statements and books of accounts of the client in order to check whether there are any errors or not. These checks helps the Auditor to conclude about the overall picture of the Client’s organization.

To state:the difference between an audit which is reliant on controls and an extensive detailed audit.

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Answer 5

Chapter 7, Problem 24RQSC

To determine

Introduction:Substantive checking refers to the audit procedures to study and evaluate the financial statements and books of accounts of the client in order to check whether there are any errors or not. These checks helps the Auditor to conclude about the overall picture of the Client’s organization.

To state:the difference between an audit which is reliant on controls and an extensive detailed audit.

Answer 6

Chapter 7, Problem 24RQSC

To determine

Introduction:Substantive checking refers to the audit procedures to study and evaluate the financial statements and books of accounts of the client in order to check whether there are any errors or not. These checks helps the Auditor to conclude about the overall picture of the Client’s organization.

To state:the difference between an audit which is reliant on controls and an extensive detailed audit.

Answer 7

Chapter 7, Problem 24RQSC

To determine

Introduction:Substantive checking refers to the audit procedures to study and evaluate the financial statements and books of accounts of the client in order to check whether there are any errors or not. These checks helps the Auditor to conclude about the overall picture of the Client’s organization.

To state:the difference between an audit which is reliant on controls and an extensive detailed audit.

Answer 8

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Answer 9

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Answer 10

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Answer 11

Ch. 7 - Prob. 1CYBK Ch. 7 - Prob. 2CYBK Ch. 7 - Prob. 3CYBK Ch. 7 - Prob. 4CYBK Ch. 7 - Prob. 5CYBK Ch. 7 - Prob. 6CYBK Ch. 7 - Prob. 7CYBK Ch. 7 - Prob. 8CYBK Ch. 7 - Prob. 9CYBK Ch. 7 - Prob. 10CYBK

Solution Summary: The author explains the difference between an audit which is reliant on controls and an extensive detailed audit.

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