EXAMPLE: STATUTORY BUSINESS ACCOUNTS
The example indicates error checking in the MAF approach: arithmetic balancing of columns, and reasonableness checks of row data. Reasonableness checks are based on initial criteria: in this case, if the current year figure is within 10% of last year's figure it is accepted and "0" is scored; if not it may be accepted only after checking, or an error scored as "1". A summary below collects all errors for the sheet for follow-up. Reasonableness checks may be based on last year, as below, or budget, or management expectations.
