Hi, I have a great confusion regarding this matter, when the question asks to state the principal audit procedures/work regarding an account balance/transaction such as receivables/sales or a more specific matter such as development expenditure, do we perform merely substantive procedures to obtain evidence or a mix of tests of controls ( as they are ultimately responsible for the figures in the F/S) and substantive procedures ? Kindly, do explain with examples .
I think I would be inclined to do both Controls and Substantive tests. But have you checked the suggested solutions in a revision kit – they should give you a definitive guide?