Basic Audit Staff Training: Audit Substantive Procedures

Author: Robert K Minniti

This foundational course introduces new and developing auditors to the essential role of substantive procedures in obtaining sufficient and appropriate audit evidence. Participants will gain a practical understanding of U.S. GAAS and PCAOB requirements for substantive testing, including how substantive analytical procedures and tests of details support audit objectives.

Through real‑world examples and guided case scenarios, the course walks through common audit areas—such as revenue, receivables, payables, inventory, and expenses—and demonstrates how to design and perform substantive procedures that respond directly to identified risks of material misstatement. The program also emphasizes professional judgment, documentation expectations, and the growing use of technology and data analytics to enhance the effectiveness and efficiency of substantive testing.

By the end of this training, participants will understand how to tailor substantive procedures to assessed risks, strengthen audit evidence, and support high‑quality audit conclusions in alignment with auditing standards.

Publication Date: March 2026

Designed For
This course is designed for early‑career auditors and professionals seeking foundational training in substantive audit procedures

Topics Covered

• Overview of substantive procedures under U.S. GAAS and PCAOB standards
• Differences between substantive analytical procedures and tests of details
• Designing substantive procedures based on assessed risks
• Substantive testing for key audit areas: revenue, A/R, A/P, inventory, expenses
• Using data analytics and technology tools for more effective substantive procedures
• Documentation expectations and best practices
• Case studies and common pitfalls in substantive procedures

Learning Objectives

• Define the purpose and importance of substantive procedures within the audit process
• Differentiate between substantive analytical procedures and tests of details and determine when each is appropriate
• Design and perform substantive procedures that address specific risks of material misstatement
• Apply substantive testing techniques to high‑risk audit areas including revenue, receivables, payables, expenses, and inventory
• Incorporate technology and data analytics into substantive testing strategies
• Document substantive procedures and conclusions in accordance with professional auditing standards

Level
Basic

Instructional Method
Self-Study

NASBA Field of Study
Auditing (3 hours)

Program Prerequisites
None

Advance Preparation
None