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GENERAL PRINCILES OF AUDITING




            WHY PERFORM SUBSTANTIVE PROCEDURES?








            • Test of controls on their own cannot provide the


                auditor with sufficient, appropriate evidence on


                which o base an opinion.



            • It is therefore necessary for the auditor to


                perform tests of a substantive nature.



            • Substantive procedures are classified into Tests


                of Controls or Analytical Procedures.




            • SPs support AFS assertions on balances,


                transactions and disclosures.



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