What Are Substantive Procedures

question 72

Multiple Choice

What are substantive procedures?

• A)Audit procedures designed to detect material misstatements at the assertion level
• B)Audit procedures designed to aid testing controls
• C)Audit procedures that are applied when internal controls are not functioning as designed
• D)Audit procedures applied to gather appropriate relevant and reliable data

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Definitions:

Contract Law

A domain of law that governs the creation, execution, and enforcement of agreements between parties.

Corporate Law

Law that governs the formation, financing, merger and acquisition, and termination of corporations, as well as the rights and duties of those who own and run the corporation.

Public Prosecutor

An attorney whose official duty is to conduct criminal proceedings on behalf of the government or the public interest.

Own Businesses

The act of possessing, establishing, and managing one's commercial ventures or enterprises independently.