L10 Notes_Part_9 - monetary misstatements in the period...

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Substantive Tests of Transactions (SToT) SToT test for misstatement (error or fraud) in individual transactions (e.g. individual sales). Dual purpose tests, Nature and Purpose? Types of Evidence used with SToT?
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Substantive tests of account balances Also known as “test of details” Tests of account balances require the auditor to look for
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Unformatted text preview: monetary misstatements in the period end, general ledger balances. The primary emphasis of this type of test is the balance sheet accounts. Types of evidence gathered in carrying out these tests comes by such means as: Physical examination/inspection Confirmation Documentation (vouching) Inquiries of client Reperformance...
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This note was uploaded on 10/05/2011 for the course ACG 5637 taught by Professor Monikacaushoulli during the Fall '08 term at University of Florida.

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L10 Notes_Part_9 - monetary misstatements in the period...

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