Required information Substantive Procedures for Debt Read the overview below and complete the activities that follow. Debt transactions are often few in number but large in dollar amount. As such, auditors are generall able to substantiate individual transactions rather easily. CONCEPT REVIEW: In an integrated audit of debt, a greater number of transactions are tested using dual purpose tests than for other accounts. Dual purpose tests are tests of both controls and substantive tests done at th same time. The auditor typically performs traditional substantive tests including sending out confirmations and examining coples of notes payable