Final answer:
Analytical procedures are ordinarily designed to detect possible material monetary errors in the financial statements.
Step-by-step explanation:
The correct answer is b. Analytical procedures. Analytical procedures are typically designed to detect possible material monetary errors in a company's financial statements. These procedures involve analyzing financial data and comparing it to expected patterns or trends. By identifying any significant deviations, auditors can flag potential errors or irregularities in the financial statements.
For example, an auditor may compare the current year's revenue with previous years' revenue to check for any unexpected fluctuations or inconsistencies. If the revenue seems to have significantly increased or decreased without a clear explanation, it could indicate a material monetary error in the financial statements.
Tests of controls, c. computer controls, and d. post-audit review of audit documents are also important components of the auditing process, but they are not specifically designed to detect material monetary errors in the financial statements.