Comments

  1. avatar says

    I found this confusing plz kindly i need help from the tutor . my question is if we are auditing for substantive procedures for debtors or creditors or cash or inventory held by 3rd party ( all balance sheets items right?) , the relating assertions are existence, rights n obligations, valuation, accuracy , completeness, presentation n disclosure, cut off , occurence ? Right ? My question is that if the examiner is silent relating assertions and asked for the substantive procedures relating cash , are we suppose to write substantive procedures under every assertion ? Like different procedure for presentation n disclisure , different procedure for completeness , different procedure for accuracy and different procedure for rights n obligations ? (If examiner is silent relating assertions) . kindly help me in this regard . Thankyou !

Leave a Reply