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. These tests involve auditing individual account balances rather than evaluating the accounting system as a whole (tests of controls) or analyzing historical trends (analytical review procedures) or relying on automated controls (computer controls).

Which of the Following Is Ordinarily Designed to Detect Material