Audit evidence part 2

Substantive procedures comprise: (multiple answers)

• Tests of details

• Substantive analytical procedures

• Tests of controls

• Risk assessment procedures

Odd one out:

Classes of

transactions and

events

• Occurence

• Completeness

• Cut - Off

• Classification

• Existence

Odd one out:

Account balances

• Existence

• Occurrence

• Rights and

  obligation

• Completeness

• Valuation and

  allocation

Odd one out:

Presentation and

Disclosure

• Occurence and

  rights and

  obligations

• Completeness

• Classification and

  understandability

• Cut - Off

• Accuracy and

  valuation

Select Audit procedures to verify existence of PPE

• Management Inquiry

• Depreciation Recalculation

• Physical examination

• Documentation inspection