About: Audit substantive test

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Substantive procedures (or substantive tests) are those activities performed by the auditor to detect material misstatement or fraud at the assertion level. The different assertions of balances are: * existence, * rights and obligations, * validity, and * completeness. Those for transactions are: * occurrence * completeness, * accuracy, * authorization, * cut-off, and * classification.

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  • Substantive procedures (or substantive tests) are those activities performed by the auditor to detect material misstatement or fraud at the assertion level. The different assertions of balances are: * existence, * rights and obligations, * validity, and * completeness. Those for transactions are: * occurrence * completeness, * accuracy, * authorization, * cut-off, and * classification. Management implicitly assert that account balances and underlying classes of transaction do not contain any material misstatements: in other words, that they are materially complete, valid and accurate. Auditors gather evidence about these assertions by undertaking activities referred to as substantive procedures. (en)
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  • Substantive procedures (or substantive tests) are those activities performed by the auditor to detect material misstatement or fraud at the assertion level. The different assertions of balances are: * existence, * rights and obligations, * validity, and * completeness. Those for transactions are: * occurrence * completeness, * accuracy, * authorization, * cut-off, and * classification. (en)
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  • Audit substantive test (en)
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