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Types of audit procedures vs audit procedures to obtain evidence

1. Risk Assessment Procedures (RAP) 2. Substantive Procedures a. Test of Details (ToD) i. Verification ii. Vouching b. Substantive Analytical Procedures 3. Test of Controls (ToC) / Compliance Procedures _________________________________ Inspection - 1, 2, 3 Observation - 1, 2(a.i), 3 (Walkthrough) External Confirmation - 2, 3 Recalculation - 2(a.ii) Reporformance - 2a, 3 Analytical Procedures - 1, 2, 3 Inquiry - 1, 2, 3 Connecting the two worlds is so confusing theoretically.


Kumarjit Dey

Kumarjit Dey

CA Inter

4K+

02-Dec-20 12:52

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Answers (1)

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Suraj Lakhotia

Suraj Lakhotia

Admin

02-Dec-20 14:50

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