True or False: One of the Advantages of CAATS Software

question 68

True/False

True or False: One of the advantages of CAATS software is that it can replace the auditor's judgment in specific areas of an audit.

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Definitions:

Overestimate

To assess something as greater or more important than it actually is.

Underestimate

To assess something as less important, less capable, or lower in quantity than it actually is.

Defensive Self-Esteem

A psychological condition where an individual's self-esteem is formed from defending oneself against criticisms, leading to fragile self-confidence.

Boast

To speak with excessive pride and self-satisfaction about one's achievements, possessions, or abilities.