Substantive procedures vs Substantive testing

This topic has 2 replies, 3 voices, and was last updated 15 years ago by princeacid.

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May 25, 2010 at 11:11 am #44141
nagdam
Member
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Hi,
Could anyone shed some light on the distinguish between Substantive testing vs Substantive procedures ?
I understand that Substantive procedures are more in depth examination of evidence which include, analytical review, walk through test and so on.
However, not sure what does Substantive testing mean?
Thanks
May 25, 2010 at 5:24 pm #61104
Ken Garrett
Keymaster
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I don’t think there is a difference. You could be asked to describe the substantive tests you would carry out, or to describe the substantive procedures you would carry out to audit a figure in the FS. The answer would be the same.
‘Substantive tests’ would be a more usual name than ‘substantial procedures’
May 25, 2010 at 11:13 pm #61105
princeacid
Member
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I believe substantive testing is more a substantive checking excercise , as in , ticking the list of rules..while substantive procedure is the application of audit procedures like walk through , test of details , y.e. balances etc. to fetch the target evidence.
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