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.
PMSI is Purchase-Money Security Interest; it is normally a lien resulting from a purchase, e.g. an auto loan.
TALA is a currency of Samoa.
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