Which one of the following is ordinarily designed to detect possible material dollar errors in the financial statements?
A) computer controls
B) analytical review
C) tests of controls
D) post-audit working paper review

Question

Quizplus · Accepted Answer

Analytical review is a procedure that involves the evaluation of financial information through analysis of plausible relationships among financial and non-financial data. It helps detect possible material dollar errors in the financial statements. Computer controls focus on preventing errors rather than detecting them, while tests of controls and post-audit working paper review are procedures focused on assessing the effectiveness of the internal control system and the auditor's work, respectively.

Which One of the Following Is Ordinarily Designed to Detect