The substantive test of comparing financial statement presentation with GAAP is categorized under: A) initial procedures. B) analytical procedures. C) tests of details of transactions. D) tests of details of balances. E) presentation and disclosure.

Question

Quizplus · Accepted Answer

The substantive test of comparing financial statement presentation with GAAP falls under the category of presentation and disclosure. This involves ensuring that the financial statements are prepared and presented in accordance with Generally Accepted Accounting Principles (GAAP), focusing on how financial information is disclosed to users of the financial statements.

The Substantive Test of Comparing financial Statement Presentation with GAAP