Topic: Substantive Testing
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What is Substantive Test?
Test of account balances to verify the correctness of the amounts. The three forms of substantive tests are: (1) tests of transactions (which are often conducted concurrently with compliance tests); (2) tests of balances; and (3) analytical... Read More »
Source: http://www.answers.com/topic/substantive-test
What is the difference between compliance testing and substantive...
In compliance testing you gather evidence with the objective of testing an organization's compliance with control procedures, eg. when you run a report to verify that certain controls had been applied over a database table. In substantive t... Read More »
Source: http://wiki.answers.com/Q/What%20is%20the%20difference%20between%...
What are the differences between substantive test and test of con...
In the auditing phase, the auditor first carries "test of contorls" to verify if the organisation's financial statements are worth relying upon.if the auditor does not get satisfied with this, he then carries "substantive test" which is a c... Read More »
Source: http://wiki.answers.com/Q/What_is_the_relationship_between_audit_...
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Substantive Testing
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You could ask 'what is a cut-off test?' It is a type of evidence gathering activity performed by auditors during the substantive testing stage.
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Source: http://www.kgbanswers.co.uk/what-question-can-i-ask-about-substan...
The Bracken measures things we should care about -- how well a 3-year-old knows the things that they will need to know to be ready for school. And it is predictive of later school outcomes. So yes, I think it is a good measure.
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Source: http://www.salon.com/mwt/feature/2002/08/05/care_study/index3.htm...
Important ratios may be calculated under substantive procedure. The analytical procedure can be applied to depreciation expense, property rent income, interest expense, fixed overhead expense, direct labor cost and salesman commission. Tren...
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Source: http://www.blurtit.com/q554397.html
Invalid or unsupported transactions and account overstatement (tracing recorded transactions to source documents). In analyzing details of account balances, auditors use professional judgment in determining which accounts to scrutinize Some...
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Source: http://accounting-financial-tax.com/2010/05/substantive-testing-c...
Substantive testing is the detailed testing the auditor will undertake on transactions and balances. For example, in a sales audit, the auditor will start from the initial customer order, trace the order to the sales invoice, trace the sal...
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Source: http://www.accountancystudents.co.uk/news/read/auditing_questions...
The substantive test for compatibility is whether the proposed concentration has, or could have, the effect of eliminating or restricting competition. Where such restrictive effects exist, if the parties can demonstrate either that the prop...
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Source: http://www.nortonrose.com/knowledge/publications/2010/pub30720.as...
