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Substantive testing involves audit procedures to identify material misstatements in financial statements, such as verifying transactions and balances. An example from KPMG includes verifying investor contributions and distributions for Private Equity clients by checking supporting documents and reconciling transactions with the trial balance. The author, Dheeraj Gupta, seeks to further his career in audit and assurance with EY, leveraging his experience in external audits and financial statement analysis.

Author
chauhansarbanand
Language
EN

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