Which one of the following is ordinarily designed to detect possible material dollar errors in the financial statements?
A) Analytical review
B) Post- audit working paper review
C) Computer controls
D) Tests of controls

Question

Quizplus · Accepted Answer

Analytical review involves comparing financial data across different periods or with industry benchmarks to identify any unusual fluctuations or inconsistencies. As material dollar errors in the financial statements would significantly impact the financial data, analytical review can help detect potential errors. Post-audit working paper review, computer controls, and tests of controls can help in identifying other types of errors or control deficiencies.

Which One of the Following Is Ordinarily Designed to Detect