Audit
Shobhit Jain (CA) (4892 Points)
22 February 2017
Difference between substantive and analytical audit procedures??
Substantive implies that you do “manual” checking, if you are going to do just analytical procedures you can get away with variance analysis, etc. However, substantive means you are going to review actual documents, check the existence of the assets, etc
Substantive procedures (or substantive tests) are those activities performed by the auditor to detect material misstatement at the assertion level
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