Which of the following terms describes procedures designed to detect material misstatements in accounts ?
A) Substantive procedures.
B) Control Tests
C) Risk assessment procedures
D) Business risk procedures.

Question

Quizplus · Accepted Answer

Substantive procedures are specifically designed to detect material misstatements in accounts by means of detailed testing of accounting records and other audit evidence. These procedures help auditors obtain sufficient and appropriate evidence about the financial statements to express an opinion on whether they are free from material misstatement.

Which of the Following Terms Describes Procedures Designed to Detect