A substantive procedure is used to
A)assess the likelihood of material misstatement in the financial statements.
B)obtain an understanding of internal controls.
C)analyze the account balance to see if there are potential errors.
D)quantify the amount of potential error in an account or transaction stream.

Question

Quizplus · Accepted Answer

The Answer of A substantive procedure is used to
A)assess the likelihood of material misstatement in the financial statements.
B)obtain an understanding of internal controls.
C)analyze the account balance to see if there are potential errors.
D)quantify the amount of potential error in an account or transaction stream.

A Substantive Procedure Is Used to