Which of the Following Is Not One of the Reasons

question 3

Multiple Choice

Which of the following is not one of the reasons auditors should consider the use of CAATs?

• A)ISACA standards require IS auditors to obtain sufficient,reliable,and relevant evidence,and should perform appropriate analysis of this evidence.
• B)GAAP stipulates that audits should be performed using tools and techniques appropriate to the evidence being reviewed.
• C)The IIA professional practices state that auditor must consider the use of technology-based auditing tools when conducting audits.
• D)GAAS requires auditors to gather sufficient and appropriate evidence in the course of audit field work.

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Definitions:

Double Taxation

A taxation principle where income is taxed at both the corporate level and again at the individual level on dividends received.

Partnership Agreement

A formal arrangement between two or more parties to manage and operate a business and share its profits or losses in accordance with the terms set out in the agreement.

Bylaws

Internal rules adopted by an organization or corporation to govern its actions and decisions.

Financial Manager

A professional responsible for managing an organization's financial health by planning, directing, and controlling financial activities.