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substantive procedures

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA AA Exams › substantive procedures

  • This topic has 1 reply, 2 voices, and was last updated 1 year ago by Kim Smith.
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  • August 3, 2021 at 11:08 am #630245
    Jiya024
    Member
    • Topics: 168
    • Replies: 56
    • ☆☆☆

    professor when we are asked to write substantive procedures, is that true we will not get full marks, if most of our procedures are analytical substantive procedures?

    August 3, 2021 at 11:25 am #630249
    Kim Smith
    Keymaster
    • Topics: 100
    • Replies: 6789
    • ☆☆☆☆☆

    You will find detailed guidance on marking here https://opentuition.com/topic/how-to-score-marks-in-aa-essential-guidance

    What is a RELEVANT substantive procedure will depend on the specifics:
    – Class of transactions or account balance
    – Risk of misstatement/Assertions at risk
    – Need for SUFFICIENT appropriate evidence – i.e. from different sources.

    Therefore thinking about the possible RANGE of evidence gathering procedures “AEIOU” and not just “A” should help you give a far better answer than one that considers only “A” and may not be very suitable (!)

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