circumstances when it is appropriate to use a substantive testing in an audit
circumstances when it is appropriate to use a substantive testing in an audit
(a) Outline the circumstances when it is appropriate to use a substantive testing in an audit and when a combination of a systems based approach and substantive procedures should be used. (13 Marks)
(b) Explain what is meant by the business risk approach to an audit and describe the advantages and limitation of this approach. (12 Marks)
