Substantive testing can be conducted using which of the following procedures?
A)Analytical review
B)Enquiry
C)Confirmation
D)All of the above

Question

Quizplus · Accepted Answer

Substantive testing involves testing the existence, completeness, accuracy, and valuation of transactions and account balances. Analytical review involves analyzing relationships between financial data to identify any unusual fluctuations or trends, which can help in identifying material misstatements. Enquiry involves seeking explanations from management and other persons, which can provide further evidence to support the assessment of the accuracy and completeness of the financial information. Confirmation involves obtaining external evidence from third parties to support the balances reported in the financial statements. Therefore, all of the above procedures can be used for substantive testing.

Substantive Testing Can Be Conducted Using Which of the Following