Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA AA Exams › Test of controls v Test of details
- This topic has 5 replies, 2 voices, and was last updated 3 months ago by Kim Smith.
- AuthorPosts
- July 26, 2024 at 9:30 pm #708873
Hi Mrs. Kim,
Could you just differentiate test of details and test of controls in simple terms?
And are inspection, observation ,enquiry& confirmation and recalculation & reperformance procedures only under test of controls?
Thank you very much.
July 26, 2024 at 10:01 pm #708875Adding to this, also which test is more suitable to obtain sufficient appropriate evidence?
Thank you once again.
July 27, 2024 at 8:18 am #708880Your questions on your first post are answered here https://opentuition.com/topic/substantive-procedures-tests-of-controls
July 27, 2024 at 8:24 am #708881In answer to your second question – it depends on what evidence is needed! If you need evidence about the operating effectiveness of controls – you have to test the controls!
Generally, ISAs require that for all material balances/classes of transactions/disclosure, sufficient appropriate audit evidence cannot come from tests of controls alone – that makes sense because evidence of monetary amounts is obtained from substantive procedures.
July 28, 2024 at 4:29 pm #708926Thank you very much for the links and explanations Mrs. Kim!
July 29, 2024 at 7:48 am #708941You are most welcome!
- AuthorPosts
- The topic ‘Test of controls v Test of details’ is closed to new replies.