Substantive audit procedures include
A) detailed tests of balances.
B) analytical procedures.
C) detailed tests of transactions.
D) all of the above

Question

Quizplus · Accepted Answer

Substantive audit procedures include both detailed tests of balances (testing the ending balance of an account) and detailed tests of transactions (testing the individual transactions that make up the account balance), as well as analytical procedures (comparing account balances to prior years or industry benchmarks, for example). Therefore, all options (A, B, and C) are correct.

Substantive Audit Procedures Include