Computer-Assisted Audit Techniques (CAATs)could Not Be Used for Which of the Following

question 32

Multiple Choice

Computer-assisted audit techniques (CAATs) could not be used for which of the following audit tasks?

• A)Testing calculations and making computations
• B)Evaluating control risk assessment
• C)Summarizing,resequencing,and reformatting data
• D)Comparing audit evidence from manual audit procedures to company needs

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Definitions:

Recognizing

The process of formally recording or acknowledging an item in the financial statements.

Measuring

The process of determining the size, quantity, or degree of a subject using established units of measurement.

IFRS 1

An International Financial Reporting Standard designed to guide the first-time adoption of IFRS by companies, ensuring that financial statements are transparent and comparable.

Optional Exemptions

Certain allowances or exemptions available under specific regulations or standards that entities can choose to apply or not.