What are used to determine if material misstatements exist in the underlying data that is used to create the financial statements?
A) Substantive procedures
B) Document request
C) Design effectiveness
D) Operating effectiveness

Question

Quizplus · Accepted Answer

Substantive procedures are specifically designed to detect material misstatements in the financial statements. These include tests of details of transactions and balances, and substantive analytical procedures.

What Are Used to Determine If Material Misstatements Exist in the Underlying