answersLogoWhite

0


Best Answer

They are not both "analytical", but "substantive" and "analytical". Substantive procedures are reviews of documents for a "substantial portion" of account activity, while analytical procedures includ controls test and test relying on mathematical relationships reflectinb accounting mecvhanics, contractual provisions [debt times interest rate], or business capabilities [production per machine hour or day].

User Avatar

Wiki User

11y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: What are the differences between substantive procedures and substantive analytical procedures?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

What are the differences between numerical solution method and analytical solution?

Analytical solution is exact, while a numeric solution is almost always approximate


What is the difference between Synthetic method and Analytical method in Branch Accounting?

What are the differences between analytic and synthetic cubism?


What are the differences between substantive test and test of controls?

In the auditing phase, the auditor first carries "test of controls" to verify if the organisation's financial statements are worth relying upon. If the auditor is not satisfied with this, he then carries "substantive test" which is a comprehensive analysis. For example, to test the accuracy of figure of "Sales" in income statement, the auditor will look at your Sales system, i.e. the internal controls. If they work fine, the auditor will be satisfied that this Sales figure cannot be wrong. But if the Sales system is not properly structured, for example, credit checks not performed, sales made without customer on the database, sales still made to bad debts, etc., these all are weaknesses in internal controls, so the auditor will now carry a substantive test in which he assess whether the given figure is accurate or not. For example, by using ratios, analytical procedures, inquiries, confirmation letters from receivables etc.


What are the differences between electronic balance and analytical balance?

An electronic balance is used for general weighing applications and has a lower precision compared to an analytical balance, which is designed for highly precise measurements. Analytical balances have a higher readability and sensitivity compared to electronic balances, making them suitable for laboratory work that requires exact measurements. Additionally, analytical balances often have built-in calibration features to ensure accuracy.


What is A definition that specifies the type of thing the term applies to and the differences between the things the term applies to and other things of the same type?

Analytical definition


What is a piece of writing that shows similarities and differences between two things?

A compare and contrast essay is a piece of writing that highlights both the similarities and differences between two things, ideas, or concepts. This type of writing typically examines the relationships between the subjects being compared in a structured and analytical manner.


How does Procedural Democratic Theory differ from Substantive Democratic Theory?

Procedural democratic theory focuses on the process and procedures of democratic decision-making, emphasizing fair and inclusive processes for reaching decisions. On the other hand, substantive democratic theory emphasizes the outcomes and results of decision-making, focusing on achieving social justice, equality, and other substantive goals within a democratic system.


Why difficulties in pacific legal systems arise because of differences between customary manners and methods of communication and formal court procedures?

LW110


What are procedural agreement and substantive agreement collective bargaining?

regulations agreed between the parties to collective bargaining, defining the bargaining units, bargaining scope, procedures for collective bargaining, and the facilities to be provided to trade union representatives -tim olawale


In drug treatment studies double-blinded procedures minimize outcome differences between experimental and control conditions that could be attributed to what?

placebo effects


What is the difference between compliance testing and substantive testing?

In compliance testing you gather evidence with the objective of testing an organization's compliance with control procedures, eg. when you run a report to verify that certain controls had been applied over a database table. In substantive testing, you gather evidence to evaluate the integrity of data, a transaction or other information. eg. you run a report to verify if the amount paid to vendors is accurate.


What is the purity difference between hydrogen peroxide AR grade and hydrogen peroxide LR grade?

Hydrogen peroxide AR (Analytical Reagent) grade is of higher purity compared to LR (Laboratory Reagent) grade. AR grade typically has a purity of 95-97%, while LR grade has a purity of around 70%, making AR grade more suitable for analytical and research applications where higher purity is required.