Professional Documents
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COMPUTER-ASSISTED
AUDIT TOOLS AND
TECHNIQUES (CAATTS) ;
ELECTRONIC DATA
INTERCHANGE (EDI)
For Presenration
Jaque, Wilmer Jr.
WHAT IS CAATTS?
Computer Assisted Audit Tools and Techniques (CAATTs) is an
auditing method that uses computer software tools to query
business to pro;duce reports that will enhance audit.
It includes tools used by auditors during their work. These tools
allow auditors to receive data in any form and analyze it better.
CAATTs includes various methods that can help auditors in
many ways. For eaxample, auditors can use them to identify
trends or single out anomalies in the provided information.
These tools are available for both external and internal audit
uses. 2
HOW DO COMPUTER ASSISTED
AUDIT TECHNIQUES WORKS?
2
CAATTs for Testing Control
Test Data Method- It establishes application integrity by processing specially
prepared input data sets through production applications un
der review.
Based Case System Evaluation (BCSE)- The test is conducted with a set of test
transactions cointaning all possible transaction types. These are processed
through repeated iterations during system development testing until consistent
and valid results are obtained.
2
ADVANTAGES OF COMPUTER
ASSISTED AUDIT TECHNIQUES
2
DISADVANTAGES OF COMPUTER
ASSISTED AUDIT TECHNIQUES
Auditors may require the client's permission to use CAATs.
CAATs also need data in a specific format, which the client
may not be able to provide.
CAATs can be costly particularly when auditors use
bespoke tools.
Auditors need to have sufficient knowledge to operate
these tools
2
ELECTRONIC DATA INTERCHANGE
(EDI)
Is the computer-to-computer exchange of business
documents in a standard electronic format between business
partners.
By moving from a paper-based exchanged of business
document to one that is electronic, businesses enjoy major
benefits such as reduced cost, increased processing spreed,
reduced errors and impressed relationships with business
partners.
2
TWO APPROACHES RELATED TO ELECTRONIC
DATA INTERCHANGE
The Traditional Proprietary Version of Enterchange Data
Interchange- used by large companies and government
parties.
The Development of Electronic Data Interchange-
through the publicly available commercial infrastructure
offered through the internet.
2
WHY EDI?
electronic Data Interchange allows a company to be
more competitive in today's business environment.
because EDI:
Saves Time
Improves Accuracy
Reduces COST
Strengthens Supplier Relationships
Can Increased Sales
2
REFENCES
https://www.edibasics.com/what-is-edi/https://
www,accountinghub.online.com/computer-assisted-
audit-techniques/