A substantive test that an auditor would conduct at year end is
A) physical inspection of assets on hand.
B) review of the audit client's credit procedures.
C) testing the mathematical accuracy of invoices.
D) confirmation of accounts receivable.

Question

Quizplus · Accepted Answer

Confirmation of accounts receivable is a substantive test that provides evidence of the existence and accuracy of the balances. Physical inspection of assets on hand, review of the audit client's credit procedures, and testing the mathematical accuracy of invoices are also important audit procedures, but they may not be classified as substantive tests.

A Substantive Test That an Auditor Would Conduct at Year