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Subsantive test

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA BT – FIA FBT › Subsantive test

  • This topic has 1 reply, 2 voices, and was last updated 1 month ago by Ken Garrett.
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  • January 17, 2021 at 7:00 pm #606283
    root1999
    • Topics: 6
    • Replies: 2
    • ☆

    Andy is the external auditor of KT Co. He is performing two tests in relation to purchases. The first involves taking a sample of purchase invoices to make sure they have all been authorised. The second involves checking the addition of the purchases day book
    Taking a sample of purchase invoice and checking the addition of the purchase day book are subsantive test or not

    January 19, 2021 at 10:15 am #607136
    Ken Garrett
    Keymaster
    • Topics: 9
    • Replies: 9047
    • ☆☆☆☆☆

    This is substantive – you are essentially redoing the work to check it.

    Looking for a signature is a test of control. You are not repeating the work, you are just ensuring that the controls have operated.

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