Audit Procedures to Obtain Audit Evidence
Audit evidence to draw reasonable conclusions on which to base the auditor’s opinion is obtained by performing:
(a) Risk assessment procedures; and
(b) Further audit procedures, which comprise:
(i) Test of controls, when required by the SAs or when the auditor has chosen to do so; and
(ii) Substantive procedures, including tests of details and substantive analytical procedures.
The audit procedures inspection, observation, confirmation, recalculation, re- performance and analytical procedures, often in some combination, in addition to inquiry described below may be used as risk assessment procedures, test of controls or substantive procedures, depending on the context in which they are applied by the auditor
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