What is substantive test, Financial Management

what is Substantive tests or transactions based auditing

Tests to attain audit evidence to detect material misstatements in financial statements. Using analytical procedures and other substantive tests to review the accuracy of the accounting information, for illustration testing transactions and balances, review of minutes of directors meeting and enquiry.

 

 

Posted Date: 9/3/2013 2:54:14 AM | Location : United States







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