International Accounting
Substantive procedures are the methods auditors use to gather evidence about financial statement assertions, ensuring that the statements are free from material misstatement. These procedures play a critical role in the audit process, as they help auditors assess the accuracy and completeness of financial information presented by an organization. By focusing on the detailed examination of transactions, balances, and disclosures, substantive procedures provide the necessary support for forming an opinion on the financial statements.
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