In the context of an audit of a financial report, substantive tests are audit procedures that:
A)may be eliminated under certain conditions.
B)are designed to discover significant subsequent events.
C)may be either tests of details of transactions, tests of details of account balances, tests of disclosure, or analytical procedures.
D)will increase proportionately with the auditor's reliance on internal control.

Question

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Substantive tests are audit procedures that can be either tests of details of transactions, tests of details of account balances, tests of disclosure, or analytical procedures. These tests can help the auditor to obtain sufficient and appropriate evidence to support the financial statement assertions. Options A, B, and D are not accurate descriptions of substantive tests.

In the Context of an Audit of a Financial Report