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.

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Lesson Videos

Substantive Testing Procedures Overview lesson thumbnail Substantive Testing Procedures Overview Substantive Testing Procedures Objectives lesson thumbnail Substantive Testing Procedures Objectives Introduction to Substantive Testing Procedures lesson thumbnail Introduction to Substantive Testing Procedures Risk of Material MIsstatement lesson thumbnail Risk of Material MIsstatement Designing Audit Procedures lesson thumbnail Designing Audit Procedures Selection of Audit Procedures lesson thumbnail Selection of Audit Procedures Timing and Extent of Audit Procedures lesson thumbnail Timing and Extent of Audit Procedures Summary of Audit Procedures and Assertions lesson thumbnail Summary of Audit Procedures and Assertions Conducting Testing lesson thumbnail Conducting Testing Utilizing Analytical Procedures lesson thumbnail Utilizing Analytical Procedures Assertions, Potential Misstatements, and Subsequent Audit Procedures lesson thumbnail Assertions, Potential Misstatements, and Subsequent Audit Procedures Management Assertions lesson thumbnail Management Assertions Substantive Procedures Based on Assertions lesson thumbnail Substantive Procedures Based on Assertions Substantive Testing Procedures Summary lesson thumbnail Substantive Testing Procedures Summary Substantive Testing Procedures Practice Questions lesson thumbnail Substantive Testing Procedures Practice Questions

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Substantive Testing & Internal Controls
Module: 3 Concepts, 45 Lessons
Internal Controls & Information Technology Controls: Design, Testing, & Deficiencies Overview
0:50
Internal Controls & Information Technology Controls: Design, Testing, & Deficiencies Objectives
1:37
Introduction to Internal Controls and Information Technology Controls
1:49
Examples of Internal Controls
3:14
The Internal Control Process
7:40
Deficiencies in Internal Controls
13:02
Compensating Controls
4:43
Indicators of Material Weaknesses
4:21
Written Communication on Deficiencies
11:51
Deficiencies in the Design and Operation of Controls
7:36
Review of Internal Controls
7:01
IT Controls in an Audit
20:57
Internal Controls & Information Technology Controls: Design, Testing, & Deficiencies Summary
1:20
Internal Controls & Information Technology Controls: Design, Testing, & Deficiencies Practice Questions
17:46
Analytical & Other Procedures Overview
0:33
Analytical & Other Procedures Objectives
1:20
Introduction to Analytical and Other Procedures
2:07
Conducting Analytical Procedures
7:51
Analytical Procedure Example
1:53
Investigating the Results of Analytical Procedures
9:35
Liquidity and Activity Ratios
7:31
Debt Covenants
2:25
Net Working Capital
3:49
Examples of Liquidity and Activity Ratios
5:55
Profitability Ratios
6:17
Debt/Leverage Ratios
3:12
Turnover Ratios
5:16
Comparing Working Capital Metrics
2:10
Analytical & Other Procedures Summary
1:37
Analytical & Other Procedures Practice Questions
14:36
Substantive Testing Procedures Overview
0:42
Substantive Testing Procedures Objectives
1:59
Introduction to Substantive Testing Procedures
6:32
Risk of Material MIsstatement
2:43
Designing Audit Procedures
8:24
Selection of Audit Procedures
4:24
Timing and Extent of Audit Procedures
7:27
Summary of Audit Procedures and Assertions
7:10
Conducting Testing
13:44
Utilizing Analytical Procedures
18:23
Assertions, Potential Misstatements, and Subsequent Audit Procedures
3:01
Management Assertions
6:15
Substantive Procedures Based on Assertions
14:08
Substantive Testing Procedures Summary
1:23
Substantive Testing Procedures Practice Questions
10:34