- This topic has 1 reply, 2 voices, and was last updated 1 year ago by
Kim Smith.
Kim Smith.Viewing 2 posts - 1 through 2 (of 2 total)
-
Posts
-
neoh0714
- Topics: 10
- Replies: 8
- ☆
Hi Kim,
do you mind to explain further the differences between these 2 terms?
I thought these 2 terms are the same but seems like isn’t.
Kim Smith
- Topics: 88
- Replies: 6090
- ☆☆☆☆☆
See page 60 of the notes – analytical procedures may be applied in 3 stages of the audit – the first (as a risk assessment procedure) and the last (as a review procedure) are a REQUIREMENT in any audit. Substantive analytical procedures are optional and will be performed only if they are effective in responding to an assessed risk of misstatement.
neoh0714
Kim SmithViewing 2 posts - 1 through 2 (of 2 total)
- You must be logged in to reply to this topic.