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Could you describe the actual work of each following terms when we perform subtaintive test:
– Agree
– Review
– Inspect
– Verify
– Examine
– CastI cannot distinguish these term when answer for the question about subtaintive procedures.
Thanks so much!!se the word ‘cast’ to mean totalling up a list – for example, ‘cast the trial balance’.
Use the words ‘agree’ or ‘trace’ to mean matching information from two documents/ records – for example, ‘agree the total sales of the sales day book to the general ledger account’; or ‘trace a sample of trade payables to the purchase invoices, to confirm the existence of the rights to the goods purchased’.
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