Explain how substantive testing

Assignment Help Business Management
Reference no: EM131581800

Explain how substantive testing is used to help an auditor arrive at conclusions about the audit evidence gathered by describing the link between the audit risk model and the nature, timing and extent of substantive procedures.

List the different types of procedures used, and describe the documentation of the conclusions reached as a result of performing substantive procedures.

Apply the concepts of substantive testing to the audit of sales, receivables and cash balances.· Explain how substantive testing is used to help an auditor arrive at conclusions about the audit evidence gathered by describing the link between the audit risk model and the nature, timing and extent of substantive procedures.

List the different types of procedures used, and describe the documentation of the conclusions reached as a result of performing substantive procedures.

Apply the concepts of substantive testing to the audit of sales, receivables and cash balances.

Reference no: EM131581800

Questions Cloud

Studying specific types of stars : Astronomers can spend an entire career's worth of time studying specific types of stars.
Identify the important facts in the case study : Discuss any alternative solutions to the problem and support those solutions with additional research (in other words, support your solution with similar cases)
Should the company continue to manufacture roller skates : If management lowered the selling price by $2 per set, should the company continue to manufacture roller skates
What is retention ratio : Redding industrial supply had common stock of $6800 and retained earnings of $4925 at the beginning of the year. What is the retention ratio?
Explain how substantive testing : Explain how substantive testing is used to help an auditor arrive at conclusions about the audit evidence gathered by describing
How many gizmos should the firm produce to maximize profits : Suppose that a perfectly competitive firm manufactures gizmos with the following cost structure (including all opportunity costs).
Define successful intervention for which type of crime : Crime Prevention Through Environmental Design (CPTED) could be a successful intervention for which type of crime
Fixed operating costs increase : As fixed operating costs increase and all other factors are held? constant, ________.
Information gleaned from the commentary : Wherever possible you must make reference to information gleaned from the commentary and readings in this lesson.

Reviews

Write a Review

Business Management Questions & Answers

  Develop billing and collection policy for physician practice

Develop a Billing and Collection Policy for a physician practice. You must effectively develop a thorough policy for use within the practice by practice employees and a thorough policy that will be provided to patients.

  Discuss the influence the decision-making process

Discuss the influence the decision-making process had on the outcome. Evaluate the effectiveness of the process.  What stages were most challenging and why?

  Organizing employees within a new department

Organizing Employees within a New Department-  What can you do to make the department and its employees more organized and discuss appointment tools, organization skills, and management strategies.

  Topics right now in the it industry cloud computing

One of the hottest topics right now in the IT industry is Cloud computing. Cloud computing is a technology model in which any and all resources (hardware and software) are delivered as a set of services via the Internet. As part of this model you ..

  Devise a staffing strategy for the organizations

1. How does an organization's investment in staffing benefit the organization after an applicant becomes an employee? 2. Devise a staffing strategy for the following organizations:

  Manager for an outomobille company

Assume you are a marketing manager for an outomobille company you job is to reposition an SUV model that was once identified as a ( fuel guzzler) the model now comes with a supereffcient.

  Establishing an ethical foundation in healthcare

Write a mission statement for such a foundation and identify who should be represented on a ten-member board.

  Trade offs between technical and agency efficiency

How might globalization and advances in information technology affect the trade offs between technical and agency efficiency?

  Explain working-age population movements

Explain Working-age population movements. Impact of diversity trends and changes to the firm based on statistical data. Recommendation to the firm for sustaining a diverse workforce.

  Role in organizational accidents

Explain what factors can play a role in organizational accidents similar to the one highlighted in the scenario: How organizational processes give rise to potential failures?

  Aligning education outcome with market needs

Prepare a seminar presentation on the use of qualitative approaches in their research area - What qualitative approaches would work in their area and What are the strengths of these approaches?

  Complexities of individual and group motives and needs

Change through reason is limited due to the complexities of individual and group motives and needs.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd