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Computer Assisted Auditing Techniques: Computer Aided Audit Tools, Sekchek Classic, Sekchek Local, ACL, Generalized Audit Software

Computer Assisted Auditing Techniques: Computer Aided Audit Tools, Sekchek Classic, Sekchek Local, ACL, Generalized Audit Software


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About the Book

Chapters: Computer Aided Audit Tools, Sekchek Classic, Sekchek Local, Acl, Generalized Audit Software. Source: Wikipedia. Pages: 28. Not illustrated. Free updates online. Purchase includes a free trial membership in the publisher's book club where you can select from more than a million books without charge. Excerpt: Computer Assisted Audit Techniques or Computer Aided Audit Tools (CAATS), also known as Computer Assisted Audit Tools and Techniques (CAATTs), is a growing field within the Financial audit profession. CAATTs is the practice of using computers to automate or simplify the audit process. In the broadest sense of the term, CAATTs can refer to any use of a computer during the audit. This would include utilizing basic software packages such as SAS, Excel, Access, Crystal Reports, Cognos, Business Objects, and also word processors. In practice, however, CAATs has become synonymous with incorporating Data analytics into the audit process. This is one of the emerging fields within the audit profession. Traditionally auditors have been criticized because they reach conclusions based upon limited samples. It is not uncommon for an auditor to sample 30-50 transactions and declare a problem or conclude that "controls appear to be effective." Management upon hearing the verdict of the auditors may question the validity of the audit conclusions. Management realizes that they conduct thousands or perhaps millions of transactions a year and the auditor only sampled a handful. The auditor will then state that they conducted the sample based upon Generally Accepted Audit Standards (GAAS) and that their sample was statistically valid. The auditor is then forced to defend their methodology. Another common criticism of the audit profession occurs after a problem emerges. Whenever a problem emerges within a department, management might ask, "Where were the auditors?" If the audit department had reviewed the area recently it becomes a...More: http: //booksllc.net/?id=198667


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Product Details
  • ISBN-13: 9781158361892
  • Publisher: Books LLC
  • Publisher Imprint: Books LLC
  • Height: 152 mm
  • No of Pages: 30
  • Spine Width: 2 mm
  • Weight: 59 gr
  • ISBN-10: 1158361890
  • Publisher Date: 15 Sep 2010
  • Binding: Paperback
  • Language: English
  • Returnable: N
  • Sub Title: Computer Aided Audit Tools, Sekchek Classic, Sekchek Local, ACL, Generalized Audit Software
  • Width: 229 mm


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