Toggle navigation
Getting Started
Customer Success Services
Knowledge Base
Product Updates
Login
Search
Home
Knowledge Base
Probe | When do I use the extended analytical procedures, extended tests of detail, and substantive sampling?
Probe | When do I use the extended analytical procedures, extended tests of detail, and substantive sampling?
Published: 29/08/2016
When do I use the extended analytical procedures, extended tests of detail, and substantive sampling? When I found during the audit that my significant and required procedures were not sufficient.
Answer:
During planning you have to compare your desired audit risk with the risk of material misstatement and then decide how much audit work you have to do to get from ROMM down to your DAR but there is no particular order in which these needs to be completed, i.e. you don't have to first complete Analytical review (AR) and then test of detail (TOD) and then sampling. If you know that you won't be able to do a proper AR on this accounting balance you can first do TOD or even sampling. When you decide during the audit that you have not obtained sufficient evidence after completing the steps you ticked in 12.20 you can change your audit plan, for that item, without going back into 12.20. You can indicate on the audit program conclusion that you want to change your audit plan and then tick the additional procedures you want to complete.
Rate this article:
|vote=None|
Processing...
(Popularity = 2/100, Rating = 0.0/5)
Related Articles
Probe | Where do I find template documents for Test of Control and Substantive Sampling?
Audit International | How to perform Substantive Sampling
Probe Audit | 90.20 Substantive testing worksheet
Probe | How is the sample size calculated in in the substantive testing worksheet (90.20)?
view all...
Didn't find what you were looking for?
Watch a video
Check out our helpful video guides
Contact Support
Contact our support team
Caseware and the Caseware logo, are registered trademarks of Caseware International Inc. and are licenced for use to Caseware Africa and Adapt IT. © 2023. All rights reserved.
For more information, visit
www.casewareafrica.com
If you would like to keep up to date with the latest Caseware Africa news:
Help
FAQs
How to Guides
User Manuals
Video Guides
Error Codes
Webinar Recordings
Release Notes
Getting Started
Quick Links
Customer Success Services
Knowledge Base
Product Updates
About the Community
Contact Support
Terms of Service, EULAs and other relevant policies
Copyright © 2024 | All Rights Reserved