While it varies from case to case typically two types of audit procedures are used. Substantive and analytical procedures.
Audit Procedures
Substantive procedures are classified as processes steps and physical examinations done by auditors.
. Final analytical procedures are used as an overall review of the financial information in the final review stage of the audit. Substantive analytical procedures are used to obtain evidential matter about particular assertions related to account balances or classes of transactions. These procedures provide evidence relating to the correctness completeness disclosure rights.
Copyright C 2016 South Western Cengage Learning A Framework For Audit Evidence Chapter 6 Auditing A Risk Based App Audit Cengage Learning Management Techniques
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22 Substantive Audit Procedures Audit Procedure Accounts Receivable