SUBSTANTIVE AUDIT PROCEDURE Definition

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SUBSTANTIVE AUDIT PROCEDURE is a direct test of a financial statement balance designed to detect material misstatements at the assertion level. Substantive procedures comprise tests of details (classes of transactions, account balances, and disclosures), and substantive analytical procedures.

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CONSULTED is sought advice or information.

ZLOTY (ZLOTE, ZLOTYCH, ZLOTÓWKA) is a currency of Poland.

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