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substantive testing

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA AA Exams › substantive testing

  • This topic has 2 replies, 3 voices, and was last updated 14 years ago by Avatarandreas61.
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  • May 20, 2011 at 4:02 am #48503
    Avatar65new
    Member
    • Topics: 5
    • Replies: 2
    • ☆

    what is meant by test count/test check?

    May 20, 2011 at 11:50 am #81881
    AvatarKen Garrett
    Keymaster
    • Topics: 10
    • Replies: 10653
    • ☆☆☆☆☆

    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.

    June 5, 2011 at 6:51 pm #81882
    Avatarandreas61
    Participant
    • Topics: 2
    • Replies: 8
    • ☆

    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

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