AUD Prep: In audit planning, the auditor has to decide what specific substantive procedures to perform. This includes determining how much emphasis should be placed on tests of details vs substantive analytical procedures.

Which procedure is more labor intensive and costly and why?

Question

In audit planning, the auditor has to decide what specific substantive procedures to perform. This includes determining how much emphasis should be placed on tests of details vs substantive analytical procedures.

Which procedure is more labor intensive and costly and why?

Monique Tyler · Accepted Answer

Test of Details -

Tend to be labor intensive and expensive, but which provide a relatively stronger basis for conclusions for most financial statement assertions

AUD Prep

In audit planning, the auditor has to decide what specific substantive procedures to perform. This includes determining how much emphasis should be placed on tests of details vs substantive analytical procedures. Which procedure is more labor intensive and costly and why?

Test of Details - Tend to be labor intensive and expensive, but which provide a relatively stronger basis for conclusions for most financial statement assertions

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