The test objective for a substantive test is to determine
A)if the account balance or class of transactions is correctly stated
B)if the account balance or class of transactions is materially misstated
C)if the sample selected was appropriate for the audit
D)if the sample resulted in the expected deviation rate

Question

Quizplus · Accepted Answer

The objective of a substantive test is to determine if the account balance or class of transactions is materially misstated. Option A is incorrect as it is a general audit objective but not specific to substantive tests. Option C is related to sample selection and not the objective of the test itself. Option D is related to the evaluation of the results of the test and not the objective of the test itself.

The Test Objective for a Substantive Test Is to Determine