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Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA AAA Exams › Please Help ( Principal Audit Procedures)
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?