- This topic has 2 replies, 2 voices, and was last updated 6 years ago by
.
Viewing 3 posts - 1 through 3 (of 3 total)
- Posts
Hello,
Whether a substantive test can give evidence for more than 1 assertion?
For example, apart from Existence, does this test ” undertaking a receivables circularisation” also give evidence for Rights and Obligations?
Yes, one test can give evidence supporting more than one assertion. Your example also provides evidence about accuracy.
Similarly, inspecting non-current assets can give evidence for existence and (provided you look for it) valuation – is the asset obviously not used and little more than scrap?
Remember to specify the assertions being dealt with.
Viewing 3 posts - 1 through 3 (of 3 total)
- The topic ‘Substantive tests and Assertion?’ is closed to new replies.