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BJ 8e Ch12 Audit Procedures in Response To Assessed Risks Substantive Tests
BJ 8e Ch12 Audit Procedures in Response To Assessed Risks Substantive Tests
William C. Boynton
California Polytechnic State
University at San Luis Obispo
Raymond N. Johnson
Portland State University
• DR = AP x TD so,
• DR = AR / (IR x CR)
Preliminary Audit Strategy, Planned
Detection Risk, and Planned Emphasis on
Audit Tests
Tests of Controls and
Substantive Tests
Using IT to Support Substantive
Tests
• Generalized Audit Software
• Timing
• Extent
• Staffing
Nature of Substantive Tests
Timing of Substantive Tests
• Prior to Balance Sheet Date
– Interim Date Risks
– Importance of Internal Controls