TEST OF CONTROL VERSUS SUBSTANTIVE PROCEDURES

By mafa-admin / April 13, 2022

The objective of the auditor is to obtain sufficient appropriate audit evidence regarding the assessed risks of material misstatement, through appropriately responding to the risks identified.

The auditor will need to Identify and Assess Audit Risks and thereafter respond by determining and deciding on the further audit procedures to be performed. These procedures include Tests Of Control and Substantive Procedures.

The strategic choice of different types of audit procedures determines the effectiveness and efficiencies of an audit.

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