If general IT controls are expected to be ineffective, the related risks arising from IT may need to be addressed through substantive procedures. However, this may not provide sufficient appropriate ...

Substantive tests can be divided into two categories: tests of details - which are applied in the testing stage and analytical procedures - which can be applied at different stages of the audit.

Major Controls & Audit Procedures for the Audit of Inventory Cycle. Inventory is a large part of the auditing process for companies with physical goods.

5 missteps to avoid when evaluating internal controls Understanding a client’s internal control gives auditors insight into the testing needed to assess management’s assertions.

Terming 'test checks' proposed by the government on telcos' AGR arithmetic as standard audit procedure, Industry body COAI has said the DoT needs to ensure consistency among its different circles ...