Substantive Testing

August 31, 2024 4 min read Definitions

Compliance Tests: Assessing Control Procedures Effectiveness

Auditing Accounting Finance Compliance Testing Auditing Control Procedures Substantive Testing Internal Controls

Compliance tests are essential audit processes used to assess the effectiveness of a company's control procedures. The outcome influences the extent of substantive testing required.

August 31, 2024 3 min read Definitions

Computer-Assisted Audit Techniques: Enhancing Audit Processes with Technology

Technology Auditing Auditing CAATs Technology in Auditing Compliance Testing Substantive Testing

Detailed exploration of Computer-Assisted Audit Techniques (CAATs), their types, historical context, application in auditing, and examples.

August 31, 2024 4 min read Definitions

Substantive Testing: Detailed Testing of Specific Transactions and Balances

Accounting Auditing Substantive Testing Detection Risk Audit Risk Model Accounting Procedures Verification

Substantive Testing involves detailed accounting procedures aimed at verifying the accuracy of specific transactions and balances, essential for managing detection risk within the Audit Risk Model (ARM).