Using CAATTs
1. The difference CAATs and CAATTs
a. CAATs is Computer Assisted Audit Techniques
b. CAATTs is Computer Assisted Audit Tools and Techniques
2. Main Point: Now able to test 100% of data and its efficient
3. Audit Tools with CAATTs
a. Productivity Tools
i. E Work papers
ii. Groupware
iii. Time and Billing Software
iv. Reference Libraries
v. Document Management
b. Generalized Audit Software (GAS) Tools
i. ACL (most common)
ii. AuditExpert Systems
iii. Utility Software
iv. Statistical Software
4. Audit Techniques with CAATTs
a. Validate Application Integrity
i. Test Decks
ii. Integrated Test Facility
iii. Parallel Simulation
b. Verify Data Integrity
i. Data Extraction and Analysis
ii. Detect Fraud
iii. Continuous Auditing Techniques
5. Ten Steps to using CAATTs
a. Steps 1 โ 4 involve Planning
b. Steps 5 โ 6 involve requesting and importing data
c. Step 7 โ 9 Testing data
d. Step 10 โ Documenting results
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