1. An audit procedure designed to detect material misstatements in financial statements by examining the actual substance of transactions and account balances
The auditor performed substantive tests on the accounts receivable to verify their existence and valuation.
O auditor realizou testes substantivos sobre as contas a receber para verificar sua existência e avaliação.
2. In auditing, a direct examination of financial data and supporting documents to determine if the recorded amounts are accurate
Substantive tests included confirmation of balances with third parties and physical inspection of assets.
Os testes substantivos incluíram confirmação de saldos com terceiros e inspeção física de ativos.