- This topic has 4 replies, 3 voices, and was last updated 6 years ago by
Ken Garrett.
Ken Garrett.-
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boma77
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Dear Tutor,
in the technical article about audit procedures the author lists some “statements” that should be avoided. Could you please help me with the following statement to avoid. I think I need some more explanation.
“Stating an assertion word as a reason for performing a procedure – for example, ‘confirming the occurrence of sales”
Ken Garrett
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I don’t know what was meant. For example, the examiner’s report of Dec 2011 states:
• “Obtain a written representation from management confirming the completeness of the provision”- this would have scored 1 mark as it clearly states what is required from management, and in relation to which balance and for which assertion.
Seems to me the examiner might have a different view to the author.
boma77
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Thank you for your comment.
Ryan
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I want to ask that what is the difference between “audit procedures” and “substantive procedures”?
Ken Garrett
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The term ‘audit procedures’ covers every type of test the auditor carries out, both tests of control and substantive tests (substantive tests).
boma77
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