USING CONTROL TESTING, ANALYTICAL PROCEDURES AND OTHER SUBSTANTIVE PROCEDURES (INCLUDING SAMPLING) IN AN AUDIT OF FINANCIAL STATEMENTS
INTRODUCTION
Professional and technical competency is one of the cornerstones of the audit profession. As adequate job knowledge is vital for any audit staff to perform their task effectively and efficiently, professional accounting bodies have made professional competency mandatory for its members. Auditing standards and auditing manuals have also provided guidance for auditors to perform their audit in a proper manner using tests of controls, analytical procedures and other substantive procedures.