Which of the Following Is Not a Use of CAATs

question 45

Multiple Choice

Which of the following is not a use of CAATs in auditing?

• A)Test of details of transactions and balances.
• B)Analytical review procedures.
• C)Fraud examination.
• D)Automated generation of final audit report.

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Definitions:

NLRA

The National Labor Relations Act is a crucial piece of US labor legislation that safeguards employees' rights to form unions and collectively negotiate with their employers.

Final Offer Arbitration

A form of arbitration where the arbitrator must choose one of the final offers presented by the parties involved, with no modifications.

Arbitrator

An independent person or body officially appointed to settle a dispute, often chosen by the parties involved for their expertise in a specific area.

Settlement Terms

Conditions that are agreed upon by parties to resolve a dispute or a lawsuit, often involving compromises or payments.