What is an example of an accounting anomaly?

An example of an accounting anomaly is irregularities in source documentation. This refers to discrepancies or inconsistencies found in the documentation that supports financial transactions. Such anomalies may manifest as missing invoices, altered receipts, or unexplained variances in recorded transactions compared to the underlying documentation. These irregularities can raise red flags during financial audits and investigations, as they may indicate potential fraudulent activities or inaccuracies in financial reporting.

High employee morale, regular financial results, and consistent profit margins do not represent anomalies in accounting. Instead, they reflect normal or positive business conditions. High employee morale may contribute to productivity, while regular financial results and consistent profit margins suggest stability and effective management of resources and operations. Thus, irregularities in source documentation stand out as a significant indicator of potential issues within accounting practices.