Substantive Testing Procedures
Substantive testing procedures consist of tests designed to validate the accuracy and completeness of accounting records and the financial statements produced from them. These procedures involve detailed validation of financial amounts through inspection, observation, confirmation, recalculation, and analytical procedures to gather sufficient audit evidence.
Lesson Videos
Substantive Testing Procedures Overview
Substantive Testing Procedures Objectives
Introduction to Substantive Testing Procedures
Risk of Material MIsstatement
Designing Audit Procedures
Selection of Audit Procedures
Timing and Extent of Audit Procedures
Summary of Audit Procedures and Assertions
Conducting Testing
Utilizing Analytical Procedures
Assertions, Potential Misstatements, and Subsequent Audit Procedures
Management Assertions
Substantive Procedures Based on Assertions
Substantive Testing Procedures Summary
Substantive Testing Procedures Practice Questions
"Examprep.ai helped me pass all 4 CPA exams on the first try. I highly recommend. I especially like the feedback and ratings the software provides so I know where to focus my time."
Daniel H., CPA
"I can't recommend ExamPrep.ai enough. Nick's lessons turned concepts I struggled with into strengths. I was able to pass FAR right before other exams expired!"
Andrew K, CPA
"I just want to say thank you for the great lesson videos. I couldn't stay awake through lectures of another course. After watching all your FAR lessons I was finally able to pass!"
Alyssa M., CPA Candidate
