The key objective when performing substantive procedures is to determine whether there are material misstatements within an account balance.

Question

Quizplus · Accepted Answer

The primary goal of performing substantive procedures is to detect and assess the risk of material misstatements in the financial statements. These misstatements can arise from errors or fraud and may be material to the overall accuracy of the financial statements. Therefore, the answer is true.

The Key Objective When Performing Substantive Procedures Is to Determine