Audit Procedures for Revenue Cycles. As part of a financial audit, ... By conducting so-called substantive tests and tests of controls, ...

If the auditor does not plan to rely on controls to lower the amount of substantive work to be performed, or if substantive procedures will provide sufficient appropriate audit evidence for the audit ...

Paragraph .33 of AU-C Section 315 sets out requirements regarding the documentation of risk assessment procedures. Paragraphs 1.48–1.56 of this guide discuss matters related to documenting ADAs.

Revenue Audit Procedures. At the top of the income statement, ... If your internal controls are weak, substantive testing will be more rigorous.