Identify the Types of Substantive Procedures Used by the Auditor

question 79

Essay

Identify the types of substantive procedures used by the auditor to test accounts payable and accrued expenses. Provide an example of how the auditor may use each substantive procedure. Identify if any of the substantive procedures can be used as a test of controls or a dual-purpose test.

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Definitions:

Body Of Message

The main content or central part of a communication, excluding the introduction and conclusion.

Multiple Requests

The occurrence of several appeals or petitions being made simultaneously or in quick succession.

Goodwill Messages

Communications that are intended to foster positive relationships by expressing kindness, gratitude, or support.

Business Purpose

The business purpose defines the reason for the existence of a business or a business transaction, often guiding its goals, strategies, and operations.