Which of the following is ordinarily designed to detect material dollar errors on the financial statements?
A)Tests of controls
B)Analytical review procedures
C)Computer controls
D)Tests of details of balances

Question

Quizplus · Accepted Answer

Tests of details of balances are typically designed to detect material dollar errors on the financial statements. This involves examining individual transactions and account balances in detail to identify any errors or discrepancies that may exist. Tests of controls, analytical review procedures, and computer controls are also important components of the audit process, but they are not specifically designed to detect dollar errors on financial statements.

Which of the Following Is Ordinarily Designed to Detect Material