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Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA AA Exams › Audit Evidence.
Hi,
When in exam question examiner asks for audit evidence :
: (i) Describe FIVE types of procedures for obtaining audit evidence; and
(ii) For each type of procedure, describe an example relevant to the audit of BANK
balances.
Since he didn’t specify substantive procedures, i can us both substantive or test of controls to answer the question?
For example, examiners answer for inspection:
Inspect the bank reconciliation for any outstanding lodgements and agree to the pre year-end cash book, post year-end bank statement and also to paying-in-book pre year end.
if i write; Inspect the YE bank reconciliation for signature to confirm that it has been carried out and reviewed.
Will i get a mark
I think that is ok as audit procedures cover both tests of control and substantive tests.
So the procedure types are the A E I O U list. Inspecting the bank rec for authorisation mudt be ok.
You should get a mark for what you said.