Substantive procedures

This topic has 5 replies, 3 voices, and was last updated 1 month ago by Kim Smith.

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August 25, 2020 at 10:12 am #581877
maeesha
What are the substantive procedures that the auditor should perform to obtain sufficient and appropriate evidence in relation to the potential breach of transport regulations
August 25, 2020 at 10:46 am #581887
Kim Smith
Keymaster
Assuming you are thinking of the risk of fines and penalties it would be procedures for completeness of recording liabilities – so after-date payments in cash book and penalty demands/invoices in purchase day book.
September 2, 2020 at 4:21 pm #583148
alavits
Is there a way to find a solution for substantive procedures for fines and penalties?
September 2, 2020 at 4:56 pm #583151
Kim Smith
Keymaster
I can’t find anything in Qs & As up to M/J 2017.
You’d have to look through a current revision kit and/or more recent past Qs & As published here https://www.accaglobal.com/uk/en/student/exam-support-resources/fundamentals-exams-study-resources/f8/past-exam-papers.html (there are 6 exams more recent than M/J 2017).
September 3, 2020 at 8:32 am #583206
alavits
Thanks.
I’m trying to find substantive procedures for the below question which carried 5 Mark’s in Mar/July exam
What are the substantive procedures that the auditor should perform to obtain sufficient and appropriate evidence in relation to the potential breach of transport regulations.
Can you please help me out? ACCA has issued the answers yet.
Appreciate your help.
September 3, 2020 at 11:02 am #583244
Kim Smith
Keymaster
I do not have time/resources to write answers – I have inquired when the answers should be available.
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