Examlex
Which of the following is a type of analytical procedure?
External Auditor
An independent third party hired to examine the financial statements of an entity to ensure accuracy and adherence to accounting standards.
Internal Control System
A set of procedures and mechanisms implemented by a business to ensure the integrity of financial and accounting information, promote accountability, and prevent fraud.
Cost-Benefit
An analysis or assessment comparing the costs and benefits of a decision or project to determine its feasibility or worthiness.
Human Error
Mistakes made by individuals in performing tasks or making decisions, often leading to deviations from intended outcomes or processes.
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