Audit procedures
1.1- Identify and distinguishbetween tests of controls,substantive tests oftransactionsand substantive tests of balances.1.2- Identify and understand when the auditor will undertake substantive auditprocedures in response to specific assessed risks of material misstatement.1.3- Understand how assertions relate to accountbalances1.4- Understand how to select the most efficient and effective combination of auditprocedures that allows them to achieve […]