Auditing procedures, substantive testing and collections

Related BrainMass Solutions

• Assessing the Risk of Material Misstatement

  In Statement of Auditing Standards 56, has placed greater emphasis on using analytical procedures for auditors during substantive testing. The advantages of analytical procedures as substantive testing are (www.findarticles.com): 1.

• How are analytical procedures used in an audit engagement?

  (Abrema) Analytical procedures will not replace detail testing and other substantive procedures, but they are invaluable for 'big picture' reviews that might indicate problem areas which will require more detail testing.

• Auditing Control Testing and Substantive Testing

  153452 Auditing Control Testing and Substantive Testing An audit consists of both tests of controls and substantive testing of financial statement assertions. Which are more important, tests of controls or substantive tests? Why?

• Auditing Processes and Procedures

  153500 An audit consists of both tests of controls and substantive testing of financial statement assertions. Which are more important, tests of controls or substantive tests? Why?

• Tests and Procedures for Sales, Payroll, Acquisition Cycles

  411045 Tests and Procedures for Sales, Payroll, Acquisition Cycles How are the tests of controls, substantive tests of transactions, and analytical procedures for the sales and collection cycle, payroll and personnel cycle, and acquisition and payment

• Types of Tests in Auditing Human Resources and Payroll Tests

  The solution discusses the types of tests in auditing human resources and payroll tests.

• This post addresses SAS 70, audit reports, & SAS 99.

  Any thoughts on the other two - Auditing Through the computer and Auditing With the Computer? Consider Type I and Type II SAS reports. Do both of these reports allow the reduction of substantive testing?

• Sampling Risk vs. Detection Risk

  Substantive procedures to restrict detection risk include increasing the nature and extent of substantive testing.

• Design tests of controls, substantive tests of transactions,

  Reference: Auditing and Assurance Services, 10/e Design tests of controls, substantive tests of transactions, and analytical procedures for the acquisition and payment cycle.