ALLInterview.com :: Home Page            
 Advertise your Business Here     
Browse  |   Placement Papers  |   Company  |   Code Snippets  |   Certifications  |   Visa Questions
Post Question  |   Post Answer  |   My Panel  |   Search  |   Articles  |   Topics  |   ERRORS new
   Refer this Site  Refer This Site to Your Friends  Site Map  Bookmark this Site  Set it as your HomePage  Contact Us     Login  |  Sign Up                      
Google
   
 
Categories >> Accounting >> Audit
 
 


 

 
 Audit interview questions  Audit Interview Questions (427)
 CompanyAffairs CS interview questions  CompanyAffairs CS Interview Questions (158)
 Taxation interview questions  Taxation Interview Questions (1897)
 Accounting General interview questions  Accounting General Interview Questions (2805)
 Accounting AllOther interview questions  Accounting AllOther Interview Questions (4359)
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 ?    20 Yes 0 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 ?    14 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 time of pf return, and how can calcualte the pf inertest.   1
tell me in detail about deffered tax asset & deffered tax liability   1
is excise duty is applicable to job work/ labour charges? how and why? what is the rate applicable for the same? and also for what type of job work it is applicable and not applicable?   2
Define Materiality Concept   7
if there is PPF (SAVINGS ) GIVEN IN THE TRIAL BALANCE UNDER THE HEADING CAPITAL THEN WHERE WILL ITS EFFECT BE ??   2
What should i give answere when interviewer ask me to tell me about your self ? plz reply Genpact 4
what are the cost audit and management audit?   2
what is auditing?   1
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 journal for Credit purchase Ernst-Young 8
what is credit limit ? Aditya-Birla 2
wether OT is included in gross salary or not?   4
 
For more Audit Interview Questions Click Here 
 
 
 
 
 


   
Copyright Policy  |  Terms of Service  |  Articles  |  Site Map  |  RSS Site Map  |  Contact Us
   
Copyright 2013  ALLInterview.com.  All Rights Reserved.

ALLInterview.com   ::  KalAajKal.com