Response to Audit risk VS substantive procedure

This topic has 5 replies, 2 voices, and was last updated 4 years ago by Kim Smith.

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October 30, 2021 at 9:11 am #639443
abokor
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sir, I confuse substantive testing with audit’s response to risk. they are quite similar. could u please explain the difference.
October 30, 2021 at 9:41 am #639452
Kim Smith
Keymaster
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Please try this post:
https://opentuition.com/topic/audit-procedure-audit-responses-substantive-procedure-etc
October 30, 2021 at 10:18 am #639464
abokor
Participant
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I’ve got all I needed their plus some additional points. thanks Kim. but I’ve another question sir.
Review donated assets register to identify if there have been any additions in
the year
The above is a substantive testing form BPP model answers. it sounds to me incomplete procedure. What is the point of looking asset register to identify if there are additional assets without doing further. hope u got my point sir.
thanks
October 30, 2021 at 10:34 am #639466
Kim Smith
Keymaster
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It’s not a past exam question so I wouldn’t worry about it.
October 30, 2021 at 12:18 pm #639474
abokor
Participant
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Great! Thanks Kim.
October 30, 2021 at 2:40 pm #639479
Kim Smith
Keymaster
- Topics: 138
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You’re welcome!
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