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for substantive test ve should jst discuss and provide audit evidence about financial statement assertions like presentation,completenes,right and obligations ,valuation and existance OR also make use of other assertions for provide evidence(income statement) assertion too (mean al assertios as acca over)???
When a figure is audited, the objective is to be able to say that it is free from material misstatement.
Misstatements could occur in any of the relevant assertions. Thus a non-current asset could be misstated if there were material errors in its existence, rights and obligations, valuations, classification and so on.
Each assertion needs audit evidence to support it and the audit evidence can arise from two sources:
1 Tests of control. For example if the auditor tests that someone checks the depreciation calculations, then that provided evidence that valuation is OK.
2 Substantive tests: tests of detail and analytical procedures.
HTH
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