Question: Substantive procedures: a. are done only if control testing is not done. b. are designed to detect material misstatements at the assertion level. c. eliminate

Substantive procedures:

a. are done only if control testing is not done.

b. are designed to detect material misstatements at the assertion level.

c. eliminate all risk of material misstatement in the financial statements.

d. are only performed if tests of controls indicate controls are not working.

Step by Step Solution

3.32 Rating (161 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock

Substantive procedures b are designed to detect material ... View full answer

blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Auditing A Practical Approach Questions!