Page 117 - Internal Auditing Standards
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10. Further Audit Procedures
Chapter Content Relevant ISAs
The characteristics and use of further audit procedures. 330, 505, 520
Exhibit 10.0-1
Further Audit
Procedures
Substantive Tests of
procedures control
Tests of Substantive
detail analytical
Paragraph # Relevant Extracts from ISAs
330.4 For purposes of the ISAs, the following terms have the meanings attributed below:
(a) Substantive procedure—An audit procedure designed to detect material misstatements at
the assertion level. Substantive procedures comprise:
(i) Tests of details (of classes of transactions, account balances, and disclosures); and
(ii) Substantive analytical procedures.
(b) Tests of controls—An audit procedure designed to evaluate the operating eff ectiveness
of controls in preventing, or detecting and correcting, material misstatements at the
assertion level.
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