One embodiment of the present invention provides a system that performs both error-check and exact-check operations for a Newton-Raphson divide or square-root computation. During operation, the system performs Newton-Raphson iterations followed by a multiply for a divide or a square-root operation to produce a result, which includes one or more additional bits of accuracy beyond a desired accuracy for the result. Next, the system rounds the result to the desired accuracy to produce a rounded result t. The system then analyzes the additional bits of accuracy to determine whether t is correct and whether t is exact.