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Please discuss the criteria that an auditor uses to make a decision to either apply analytical...

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Accounting

Please discuss the criteria that an auditor uses to make adecision to either apply analytical procedures as substantive testsor to perform substantive tests of transactions and accountbalances. There will be environmental and control criteria to bediscussed.

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Answer There are two types of Procedures to obtain Sufficient and Appropriate Audit Evidence SAAE They are i Compliance ProcedureTest of Control and ii Substantive Procedure Compliance Procedure It is called as test of Internal controls which play an important role within the organization as it is a check of internal process and every adminstration activity It includes test of i Whether Internal Control exist in the entity ii    See Answer
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