Question: 3.2 identify and use appropriate audit tests Explain the following terms giving examples where possible: a. Substantive Procedures (Tests) Lucy Taylor is a student who

3.2 identify and use appropriate audit tests

Explain the following terms giving examples where possible:

a. Substantive Procedures (Tests)

Lucy Taylor is a student who is working during her summer holidays. She has just learnt about substantive procedures but is not sure how they really work. So she asked you to help her.

Complete the following table giving examples where possible.

Procedure

Explanation

Example

Inspection of assets

Analytical procedures

Observation

Recalculation

Reperformance

Confirmation

Inspection of documents

Inquiry

3.2 identify and use appropriate audit tests Explain the following terms

Complete the following table giving examples where possible. Procedure Inspection of assets Analytical procedures Observation Recalculation Reperformance Confirmation Inspection of documents Inquiry Explanation Example 49

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