Increased scrap, excessive purchases, and physical abnormalities are examples of:
A) accounting anomalies.
B) external control weaknesses.
C) analytical anomalies.
D) unusual behavior.

Question

Quizplus · Accepted Answer

These are all potential signs of anomalies that can be detected through analytical procedures, which are used to identify unusual fluctuations or patterns in financial data. Accounting anomalies and external control weaknesses relate more specifically to control and accounting processes, while unusual behavior is not a standard term used in auditing.

Increased Scrap, Excessive Purchases, and Physical Abnormalities Are Examples Of