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I want to ask whether the following substantive procedures to obtain audit evidence in relation to revenue of a company are valid:
1. For a sample of good despatch notes, ensure that the corresponding records are in the sales ledger (test the completeness).
2. For a sample of sales recored in the sale ledger , vouch to the good despatch notes to examine the evidence of good despatch (test the existence).I am sorry but I cannot offer such a service to individuals as it amounts to “marking”. It would open flood gates to similar requests and I simply don’t have the resources.
I know you will find examples of substantive procedures for revenue in the trade receivables chapter in the ACCA’s Study Hub.
I highly recommend the “read the mind” article which can be downloaded from this page https://www.accaglobal.com/gb/en/student/exam-support-resources/fundamentals-exams-study-resources/f8/exam-technique.html
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