On a regular basis, Gavin, the Companys CFO, reviews the allowance for doubtful accounts for reasonableness. The aged AR trial balance and the allowance for doubtful accounts schedule are prepared by Tyler, the accounts receivable clerk. The CFO obtains, reviews, and approves these documents. Provide an overall assessment as to whether the MRC over the allowance for doubtful accounts described above can effectively prevent or detect errors or fraud that could result in material misstatements in the financial statements (AS 2201.42).