Words / S / Business

substantive

adjective/ˈsʌbstəntɪv/

C1CEFR level
60/100Rarity: rare
TechnicalRegister

Relating to audit procedures designed to detect material misstatements in account balances or transactions.

Because controls were deemed unreliable, the auditors expanded their substantive testing of revenue.

Topic: Accounting in Business English

Rarity runs from 0 (a word everyone knows) to 100 (almost never seen outside specialist or literary writing). Level is the word's real difficulty on the CEFR scale, from A1 to C2.

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More business words: Accounting