Substantive tests of transactions and control tests are often conducted simultaneously.

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Substantive tests of transactions and control tests are often conducted together to obtain reasonable assurance that financial statements are free from material misstatement. Control tests involve evaluating the effectiveness of a company's internal control system, while substantive tests of transactions involve testing the monetary transactions of a company. These two types of tests complement each other and should be performed in conjunction to provide appropriate levels of assurance.

Substantive Tests of Transactions and Control Tests Are Often Conducted