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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”
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.
I want to ask that what is the difference between “audit procedures” and “substantive procedures”?
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