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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 (1915)
 Accounting General interview questions  Accounting General Interview Questions (2841)
 Accounting AllOther interview questions  Accounting AllOther Interview Questions (4374)
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
 
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what is the accounting entry for fictitious asset   4
The difference between interim audit and final audit?   3
what is the abervation of tds   10
whether VAT is an asset or liabilities? TATA 12
How to caculate assets?   1
What is tax audit   27
 
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