[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"doc-seo-25788-105":3,"detail-sidebar-cat-0-en-105":64,"doc-detail-25788-en":114},{"code":4,"msg":5,"data":6},0,"ok",{"site_id":7,"language":8,"slug":9,"title":10,"keywords":11,"description":12,"schema_data":13,"social_meta":56,"head_meta":59,"extra_data":61,"updated_unix":63},105,"en","chapter-11-audit-procedures","Chapter 11 Audit Procedures","","Substantive audit procedures for financial statement assertions are presented through lecture-focused guidance on designing effective testing steps. The material explains significance level exam framing, then defines what constitutes a good audit procedure: case-specific, action-initiated, supported by a source, and driven by a clear objective. The CASP framework is applied with practical methods including review, inspection, analysis, inquiry, re-calculation, observation, and re-performance, supported by examples tied to loans, inventory, provisions, and amortization. Common procedures such as seeking representations, reviewing board minutes, and agreeing financial statement figures are also covered. Further sections outline an assertion testing approach by distinguishing balance-sheet account balances and transaction classes, and applying risks to tangible non-current assets through rights and obligations, classification, presentation and disclosures, and substantive testing for additions, including authorization, cost verification, ownership proof, physical inspection, useful life reasonableness, and depreciation calculation.",{"@graph":14,"@context":55},[15,34],{"@type":16,"itemListElement":17},"BreadcrumbList",[18,23,27,31],{"item":19,"name":20,"@type":21,"position":22},"https://docshare.wps.com","Home","ListItem",1,{"item":24,"name":25,"@type":21,"position":26},"https://docshare.wps.com/document/","Document",2,{"item":28,"name":29,"@type":21,"position":30},"https://docshare.wps.com/document/exam/","Exam",3,{"item":32,"name":10,"@type":21,"position":33},"https://docshare.wps.com/document/chapter-11-audit-procedures/25788/",4,{"url":32,"name":10,"@type":35,"image":36,"author":41,"headline":10,"publisher":44,"fileFormat":47,"inLanguage":8,"description":12,"dateModified":48,"datePublished":49,"encodingFormat":47,"isAccessibleForFree":50,"interactionStatistic":51},"DigitalDocument",{"url":37,"@type":38,"width":39,"height":40},"https://docshare.wps.com/thumbnails/chapter-11-audit-procedures/25788.png","ImageObject",300,407,{"name":42,"@type":43},"Hazel","Person",{"url":19,"name":45,"@type":46},"DocShare","Organization","application/pdf","2026-09-18","2026-05-07",true,{"@type":52,"interactionType":53,"userInteractionCount":22},"InteractionCounter",{"@type":54},"ViewAction","https://schema.org",{"og:url":57,"og:type":58,"og:title":10,"og:site_name":45,"og:description":12},"https://docshare.wps.com/document/chapter-11-audit-procedures/25788","article",{"robots":60,"canonical":57},"index,follow",{"doc_id":62,"site_id":7},25788,1778194694,{"code":4,"msg":65,"data":66},"success",[67,71,75,78,83,88,93,98,103,106,110],{"id":22,"doc_module":4,"doc_module_name":25,"category_name":68,"show_sort_weight":69,"slug":70},"Story & Novel",90,"story-novel",{"id":26,"doc_module":4,"doc_module_name":25,"category_name":72,"show_sort_weight":73,"slug":74},"Literature",80,"literature",{"id":33,"doc_module":4,"doc_module_name":25,"category_name":29,"show_sort_weight":76,"slug":77},70,"exam",{"id":79,"doc_module":4,"doc_module_name":25,"category_name":80,"show_sort_weight":81,"slug":82},5,"Comic",60,"comic",{"id":84,"doc_module":4,"doc_module_name":25,"category_name":85,"show_sort_weight":86,"slug":87},6,"Technology",50,"technology",{"id":89,"doc_module":4,"doc_module_name":25,"category_name":90,"show_sort_weight":91,"slug":92},7,"Healthcare",40,"healthcare",{"id":94,"doc_module":4,"doc_module_name":25,"category_name":95,"show_sort_weight":96,"slug":97},8,"Research & Report",30,"research-report",{"id":99,"doc_module":4,"doc_module_name":25,"category_name":100,"show_sort_weight":101,"slug":102},9,"Religion & Spirituality",20,"religion-spirituality",{"id":101,"doc_module":4,"doc_module_name":25,"category_name":104,"show_sort_weight":101,"slug":105},"World Cup","world-cup",{"id":107,"doc_module":4,"doc_module_name":25,"category_name":108,"show_sort_weight":107,"slug":109},10,"Lifestyle","lifestyle",{"id":111,"doc_module":4,"doc_module_name":25,"category_name":112,"show_sort_weight":79,"slug":113},19,"General","general",{"code":4,"msg":65,"data":115},{"doc_id":62,"user_id":116,"nickname":42,"user_avatar":117,"doc_module":4,"category_id":33,"category_name":29,"doc_title":10,"doc_description":12,"doc_content":11,"file_id":118,"file_url":119,"file_type":120,"file_size":121,"view_count":22,"is_deleted":4,"is_public":22,"is_downloadable":22,"audit_status":22,"page_count":122,"language":123,"language_code":8,"site_id":7,"html_lang":8,"table_of_contents":11,"faqs":11,"seo_title":124,"seo_description":12,"update_tm":63,"read_time":125},137441390410,"https://ap-avatar.wpscdn.com/avatar/2000252f4ab5702993?_k=1776741390130283984","cbCaiaxiiuusKg6W","https://ap.wps.com/l/cbCaiaxiiuusKg6W","pdf",6493001,26,"English","Chapter 11 Audit Procedures | PDF",66]