Audit Tests Assignment Help
Audit tests are the qualitative approaches that are used by the organization to examine control over the transactions, account balance and disclosures. There are two types of audit tests that are tests of controls and substantive 
procedures. Tests of controls are quite effective to evaluate the effectiveness of internal control system. These tests are helpful in prevention, detection and correction of errors that are made in the transactions before they result in material misstatements in a financial statement assertion (Braiotta, Gazzaway, Colson & Ramamoorti, 2010). The examples of tests of controls include tests of audit/information trail, testing of output, block testing, interview with company staff, observing staff at working and examination of management reviews. In addition our audit tests case study study help experts says that substantive tests are another way by which auditors confirm about the validity and propriety of the accounting treatments of transactions and balances. These tests consider actual detail of testing transactions such as agreeing checks to invoice. Typically, auditors use substantive tests, because they are core of their assets and liabilities (Delaney & Whittington, 2010). Along with this, tests of controls and substantive tests both can be utilized in all the areas of financial statements. Examples of substantive tests include confirmation of bank, accounts receivable, accounts payable, debt etc.
Use of Gathered Data from Audit Tests for Auditor Auditors can use the data that is obtained from the audit tests in treatments of accounting and transactions. They can measure and count the data that are defective or unreliable for company. This data is also helpful for auditors in examining the internal validity, construct validity and external validity (Steinhoff, 2001). Auditors can use the data as en evidence that is collected through audit tests. They can inform the management of the company that it is reliable to the organization. The gathered data also help to reach at the conclusion that auditing is effective for the company. References Braiotta, L., Gazzaway, T., Colson, R. & Ramamoorti, S. (2010). The Audit Committee Handbook. (5th ed.). USA: John Wiley & Sons. Delaney, P.R. & Whittington, O.R. (2010). Wiley CPA Examination Review, Outlines and Study Guides. (3rd ed). USA: John Wiley & Sons. Steinhoff, J.C. (2001). Government Auditing Standards 2002 Revision: Exposure Draft. DIANE Publishing. If you looking for audit tests assignment help and company auditing analysis assignment help in Australia,US and UK then you can contact us. Our business auditing analysis help experts assure you that you will get original, complete and correct auditing analysis help from experts.