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Can I write the audit procedures in AAA like how I write substantive procedures in AA paper?
Please see my advice on this related post https://opentuition.com/topic/audit-evidence-31
Yes, I saw that post and had read it before I asked this question but still don’t totally understand
Is it correct to say audit procedures are substantive procedures and TOC?
If that’s the case, then it is not wrong for me to write audit procedures like how we write substantive procedures in AA, correct?
From the technical articles, the audit procedures written look similar to substantive procedures in AA
See at the top of page 53 of the notes:
The audit plan describes the nature, timing and extent of:
? Risk assessment procedures (ISA 315 Identifying and Assessing the Risks of Material Misstatement) [1]
? Further audit procedures at the assertion level (ISA 330 The Auditor’s Response to Assessed Risks) [2][1] includes but is not limited to analytical procedures (see s.3.2 on page 54)
[2] = TOC + substantive procedures (including substantive analytical procedures)I think your query has arisen because I presume the technical article you are referring to is “Part 4 – Audit procedures” – which focuses on [2]. I would say, looking at the article that a distinction between AAA and AA is that AAA answers tend not to refer to the assertions – whereas the AA examiner wanted assertions. For example (copied from AAA article):
“Review any decommissioning agreements to confirm estimate of useful life of the assets and date of decommissioning”
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