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Please Help ( Principal Audit Procedures)

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

  • This topic has 1 reply, 2 voices, and was last updated 13 years ago by MikeLittle.
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  • November 24, 2011 at 4:54 pm #50686
    hammad afzal
    Member
    • Topics: 7
    • Replies: 9
    • ☆

    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 .

    November 27, 2011 at 9:04 pm #90160
    MikeLittle
    Keymaster
    • Topics: 27
    • Replies: 23309
    • ☆☆☆☆☆

    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?

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