Some of the analytical anomalies include all of the following except:
A) transactions too small or too large for normal activity.
B) explained cash shortages.
C) excessive purchases.
D) excessive debit and credit memos.

Question

Quizplus · Accepted Answer

Explained cash shortages are not considered analytical anomalies in the context of financial analysis or auditing. Analytical anomalies typically refer to irregularities or unusual patterns in financial data that cannot be easily explained, such as transactions that are too large or too small, excessive purchases, or an unusual number of debit and credit memos. An explained cash shortage, by definition, has been accounted for and thus does not fit the criteria of an anomaly that would raise concerns during an analysis.

Some of the Analytical Anomalies Include All of the Following