What Procedures Are Designed to Detect Material Misstatements at the Assertion

question 98

Multiple Choice

What procedures are designed to detect material misstatements at the assertion level (namely, tests of details and substantive analytical procedures) ?

• A)Tests of controls
• B)Substantive procedures
• C)Analytical procedures
• D)Risk assessment procedures

---

Definitions:

Infer High Quality

Deduce or conclude (information) to be of superior standards or excellent nature.

Promotional Campaigns

Marketing efforts aimed at increasing awareness or sales of a product or service through specific strategies and messaging.

Acquired

Something obtained, typically by a company purchasing another company or business.

Substitutes

Products or services that can be used in place of another, fulfilling a similar need or purpose for the consumer.