WebMar 10, 2024 · Substantive tests of detail Substantive tests of details is an auditing protocol that's necessary when there's a high chance of material misstatement. Its purpose is to verify the auditor's conclusions about the amount of money in accounts and the figures that appear on the client's documents. WebApr 8, 2014 · Two types of tests TOCs & TOD/ Substantive tests. Under TOD you do APs. To add on to what MR Keymaster has said. I think you have to realise that APs are used as pointers to identify where further work needs to be done eg when you reculculate stock days cover and produce 50 days when managements said they keep two weeks inventory …

195 Synonyms & Antonyms of DETAILED - Merriam Webster

WebChapter 16 review questions. 5.0 (6 reviews) Term. 1 / 19. Distinguish among tests of details of balances, tests of controls, and substantive tests of transactions for the sales and collection cycle. Explain how the tests of controls and substantive tests of transaction affect the tests of details of balances. Click the card to flip 👆. WebThe audit procedures for obtaining audit evidence comprised tests of controls, substantive analytical procedures and test of details (other substantive procedures). UN-2. … play vr on pc monitor

Substantive Audit Testing: Definition, Explanation, and Example

WebApr 17, 2024 · Test document is a critical document for QA teams that is developed from actual business requirements that guides the entire team about software testing approach and objectives for each activity in the software testing procedure. Test Plan Vs Test Strategy. There is tremendous confusion about Test Plan and Test Strategy documents. WebBritannica Dictionary definition of DETAIL. [+ object] 1. : to state particular facts or information about (something) : to describe or discuss the details of (something) The … Test of details is a process that auditors use to verify the details of individual transactions or balances. It is the testing that auditors use to collect audit evidence related to all the balances and transactions associated with the preparation of financial statements. Usually, auditors select a sample of … See more As mentioned above, the procedures to perform tests of details vary from one client to another. However, some procedures that auditors carry out during tests of details … See more The test of details is different from analytical procedures due to various reasons. First of all, tests of details look at the supporting … See more An audit firm looking to perform tests of details on the sales transactions of a company, ABC Co., must use the following procedures. 1. Obtain a sample of sale transactions from the … See more Auditors use different methods to obtain sufficient appropriate audit evidence related to an audit assignment. To gather this evidence, … See more play vs high school register fortnite