What is the difference between compliance testing and
substantive testing?

Answer Posted / manojs

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 ?    34 Yes 7 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

Audit strategy based

2034


what is the PRPOER way of accounting salaries ETF EPF

2283


Explain the purpose of meeting in audit?

669


which of the following procedure would auditor lease likely perform in planning a financial statement audit?

1741


What are the essential of internal audit?

712






HOW TO DO LEDGER SCRUTINY?

2450


When should a company sack its auditor?

1734


What are intangible assets?

634


How do you feel u contributed to its effectiveness?

1732


central exices

1929


i have to finalize a mineral water co. for the year 2014-15 and i want to know that what will be rate of excise duty on sale of mineral water.

1345


Explain the basic principles of an internal audit controlsystem?

670


which type audit for your company account

1809


What is statutory audit?

679


Why there is no opening balance for Profit and Loss Account?Refer me Detailed explanation. Thank you.

1009