Substantive Procedure

More substantive test conducted by auditor, it can reduce what kind of risk?

• Inherent Risk

• Control Risk

• Detection Risk

• Assessment Risk

What we called management assertions from the point of view of auditor?

• Test of detail

• Audit Objective

• Analytical procedure

• Test of control

When substantive procedure should be performed during the audit engagement

• Timing

• Nature

• Extend

• Testing

When the substantive procedure starts?

• near or at the year end

• mid year

• at the beginning of engagement

• at the end of engagement

What we called tracking a source document to the accounting record?

• Controlling

• Footing

• Vouching

• Tracing

Example of ratio analysis in analytical procedure, except for ...

• Activity

• Liquidity

• Common-size

• Leverage