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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 (1904)
 Accounting General interview questions  Accounting General Interview Questions (2830)
 Accounting AllOther interview questions  Accounting AllOther Interview Questions (4369)
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
 
what is the differences between document date and posting date and entry date   1
whatis auditng Fidelity 3
Classify the following accounts into Personal Account, Real Account & Nominal Account. Questions Answers 1. Furniture Account 2. Salaries Account 3. Outstanding Wages Account 4. National Trading Co. Ltd’s Account 5. Stationery Account 6. Prepaid Insurance Account 7. Capital Account 8. Interest Account 9. Building Account 10. Purchase Account 11. Cash Account 12. Bank Account 13. Sales Account 14. Commission received in Advance Account 15. Discount Account 16. Drawing Account 17. Loan Account 18. Mysore Store’s Account 19. Repairs to Machinery Account 20. Stock Account 21. Investment Account 22. Loose Tools Account 23. Bangalore Sports Club’s Account 24. Loss of Goods by Fire Account 25. Motor Vans Account 26. International Trader’s Account 27. Goodwill Account 28. Depreciation Account 29. Bad Debts Account 30. Bad Debts Recovered Account 31. Bank Overdraft Account 32. Book Debts Account 33. Purchases Returns Account 34. Sales Returns Account 35. Postage Account 36. Charity Account 37. Carriage Account 38. Rent Account 39. National College’s Account 40. Bills receivable Account 41. Bills Payable Account Bisleri 6
what is GSP . Pls clear it   2
Does anyone work for the CA state as an Auditor? I am a new college graduate and I need some tips on what questions I will be asked during the interview for the Auditor 1 position. Can anyone help? CA 2
Do you think Auditing job is very boring ? Ernst-Young 3
Expand---------RDES   1
why you leave the present job ? DELL 3
What are the portions to be covered in tax audit and what are the papers to be checked in tax audit by auditors?   2
Expand---------BRP   2
how can i prepare financial statement?   5
What is the meaning of XBRL?? KPMG 2
 
For more Audit Interview Questions Click Here 
 
 
 
 
 


   
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