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Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA AA Exams › Substantive procedures (Receivables)
Sir kindly confirm if this is the way to write substantive procedures in the exam.
Receivable audit.
Assertion: completeness
Audit Procedure
I will agree the total of the aged analysis listing with the total on the sales ledger control account to confirm the completeness of receivables.
You could shorten and save time by setting it out as simply:
I will agree the total of the aged analysis listing with the total on the sales ledger control account to confirm the completeness of receivables.
I will inspect the aged receivables analysis for long-outstanding receivables to assess the valuation of receivables.
etc
Ie include the assertion in the procedure.
Sir i have a question, as we are given specific procedure to apply( a e i o u) when is it appropriate to use “review” as audit procedure or its similar to “inspection”. Thanks