substantive testing
[/səbˈstæntɪv ˈtɛstɪŋ/]
noun
testes substantivos
1. Audit procedures designed to detect material misstatements in financial statements by examining the actual transactions, balances, and disclosures
The auditor performed substantive testing to verify the accuracy of the revenue accounts.
O auditor realizou testes substantivos para verificar a precisão das contas de receita.
2. Direct examination of account balances and transactions to obtain audit evidence about the completeness, accuracy, and validity of financial data
Substantive testing includes procedures such as confirmation, analytical procedures, and inspection of documents.
Os testes substantivos incluem procedimentos como confirmação, procedimentos analíticos e inspeção de documentos.
Substantive testing is a core concept in auditing frameworks used in both Brazil (following CFC/NBC auditing standards) and the USA (AICPA standards). Brazilian auditors increasingly adopt this terminology as firms align with international audit standards. The term reflects the shift from purely compliance-focused audits to more comprehensive financial verification approaches.
Related Idioms & Phrases
to perform substantive testing
substantive testing procedures
extent of substantive testing
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