CAATs for test of controls and audit procedures

CAATs for test of controls and audit proceduresHow can IS Auditor and management take advantage during an evaluation of the business processes and/or audit procedures through the use of Computer Assisted audit Techniques as part of the financial audit procedures and test of controls place in Course Objectives What is a CAAT? Why Use CAAT Tests Types of Data Analysis/ CAATs Basic CAAT Techniques Data Analysis Methodology Factors Affecting the Reliability Test of controls (SOX, SAS 99, ITGC, Compliance) Substantive Testing (Payroll, A/R, A/P and Inventory) Examples BenefitsPresented by: Juan C. RegoCourse ObjectivesAt the end of this course you will: Understand what is a CAAT. Understand types of CAATs and techniques. Understand Data Management Methodology. Understand CAATs CAAT is the use of a software application or an extract of data to search for and identify trends, exceptions errors, or indications of potential fraud by comparing and analyzing files according to criteria established by the auditor or management.

Incorrect – Analysis not done properly (e.g., miscalculating dates; not removing duplicates). Invalid – Analysis does not support audit objective (e.g., Using wrong dates to calculate delivery time or interest payments) Incomplete – Only a partial analysis was performed

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  Using, Duplicate, Removing, Removing duplicates

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