Topic summary

Audit substantive test

Substantive procedures (or substantive tests) are those activities performed by the auditor to detect material misstatement at the assertion level.

Management implicitly assert that account balances and disclosures and underlying classes of transactions do not contain any material misstatements: in other words, that they are materially complete, valid and accurate. Auditors gather evidence about these assertions by undertaking activities referred to as substantive procedures.