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Sir,
I have noticed that a 10-15 marks are questioned on audit procedures.Can we use the scenario and apply same substantive procedures that we used in AA
Ex:
Cast the receivables ledger and compare with receivables control account to confirm completeness and accuracy.The samples answers are not directly mentioning assertion.
AAA substantive procedures require the application of ISA 330 … i.e. responding to risks of misstatement. Unlike AA, you are NOT citing specific assertions.
I have answered more extensively on these posts:
https://opentuition.com/topic/audit-evidence-31
https://opentuition.com/topic/audit-procedures-47
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