In short
A dual-purpose test performs a test of controls and a test of details on the same transaction at the same time, such as examining an invoice both for evidence of approval and for the accuracy of its amount.
Key takeaways
- It must be designed to meet both objectives.
- The sample size is the larger of the sizes each test would need on its own.
- Results are evaluated separately for the control and for misstatements.
Where it's tested
AUD: Responding to Assessed Risks — study notes, a five-minute revision sheet and practice questions.
Practise: 3 questions
Question 1 of 3 · 0 answered
Dual-purpose testing refers to a procedure that: