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Categories >> Accounting >> Audit
 
 


 

 
 Audit interview questions  Audit Interview Questions (428)
 CompanyAffairs CS interview questions  CompanyAffairs CS Interview Questions (158)
 Taxation interview questions  Taxation Interview Questions (1905)
 Accounting General interview questions  Accounting General Interview Questions (2833)
 Accounting AllOther interview questions  Accounting AllOther Interview Questions (4371)
Question
What is the difference between compliance testing and
substantive testing?
 Question Submitted By :: Audit
I also faced this Question!!     Answer Posted By  
 
Answer
# 1
In compliance testing you gather evidence with the objective
of testing an organization's compliance with control
procedures, eg. when you run a report to verify that certain
controls had been applied over a database table.
In substantive testing, you gather evidence to evaluate the
integrity of data, a transaction or other information. eg.
you run a report to verify if the amount paid to vendors is
accurate.
 
Is This Answer Correct ?    21 Yes 1 No
Labstery
 
Answer
# 2
compliance testing are methods designed to obtain the
assurance of internal controls systems whether its is
effective.


substantive testin are the methods designed to know the
accuracy of the accounting systems
 
Is This Answer Correct ?    15 Yes 0 No
Manojs
 
 
 
Answer
# 3
In compliance testing you gather evidence with the objective
of testing an organization's compliance with control
procedures, eg. when you run a report to verify that certain
controls had been applied over a database table.
In substantive testing, you gather evidence to evaluate the
integrity of data, a transaction or other information. eg.
you run a report to verify if the amount paid to vendors is
accurate.
 
Is This Answer Correct ?    4 Yes 0 No
Amit
 

 
 
 
Other Audit Interview Questions
 
  Question Asked @ Answers
 
outstanding assests   2
What is the meaning of "Rendered Amount"?   1
i need to pay around $90000 to Mr.R and the agreement clause says that any amount payable as tax are not included in the amount.So how much i need to deduct TDS...?? Caretel 1
how would be affected the B/L and P/L purchasing OF BRAND NEW Motor vehicle   2
what is internal audit? CTS 9
Expand---------BPR   2
1)how will you check the expenses? Pantaloon 12
hi i want to know the use of lookup, Hlookup and Vlookup with full example with Excel file. pls if any body have this pls help me. GIS 3
What is continuous audit?   3
How to do audit? KPMG 3
Can we take credit of service tax in manufactruring companies & what is the procedure   4
What is the meaning of XBRL?? KPMG 2
 
For more Audit Interview Questions Click Here 
 
 
 
 
 


   
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