Which of the following is NOT a benefit of using exception reports?

The correct answer is based on the specific role of exception reports in financial consolidation and close processes. Exception reports are primarily designed to highlight specific anomalies, discrepancies, or outliers in the data that require attention. They help in quickly identifying issues that deviate from the expected norms, which leads to faster anomaly detection, improved consolidation efficiency, and identification of discrepancies in financial statements.

On the other hand, the generation of profit-loss statements is not a direct benefit of exception reports. Profit-loss statements are standard financial reports that summarize revenue, costs, and expenses over a specified period to provide insights into a company's financial performance. While exception reports might indirectly support the process that leads to accurate profit-loss statements by identifying issues that could affect the accuracy of the data inputted into these reports, they do not themselves generate these financial statements.

Thus, the generation of profit-loss statements is not a function or a primary benefit of using exception reports, making it the correct choice for the question posed.