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Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA AA Exams › substantive testing
what is meant by test count/test check?
I’m not sure what context these phrases are being used in, but:
test count = testing something by counting eg the auditor counting some inventory items to compare to stock-count sheets, or counting the cash in a till at a shop.
test check = very general. It means checking anything (eg a document that should be authorised) on a test basis. That means not testing every item but simply testing a sample.
Hello can i ask something?. Is receivable Circularisation checks also Valuation assertion?? Because in the lecture and notes it says it checks existence and accuracy but accuracy is not an assertion for Account Balances , Valuation is……
Please answer i am confused