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The Difference Between CAATS and
CAATTS
– CAATs are Computer Assisted Audit Techniques
– CAATTs are Computer Assisted Audit Tools and
Techniques
– Benefit: Now able to test 100% of data and it’s
efficient
CAATs
• Software used to increase an auditor’s personal
productivity and software used to perform data
extraction and analysis
• Techniques to increase the efficiency and
effectiveness of audit function
Types of CAATs
• Any software that assists the auditor in
performing administrative tasks more
efficiently. (Word, Excel)
• Software used to manage the engagement
• ACL – Audit Command Language (best-
known software)
Audit Tools with CAATs
– Productivity Tools
• E Work papers
• Groupware
• Time and Billing Software
• Reference Libraries
• Document Management
– Generalized Audit Software (GAS) Tools
• ACL (most common)
• AuditExpert Systems
• Utility Software
• Statistical Software
Computer Assisted Audit Tools
Productivity Tools
• E-workpapers
– Creating a “paperless” workplace
• Groupware
– Allows multi-user scheduling, planning, file sharing
• Time and Billing Software
– Easily account for chargeable hours and prepare bills
• Reference Libraries
– Efficiency in finding and reporting information
• Document Management
– Online storage of documents made readily available
Computer Assisted Audit Tools
Generalized Audit Software Tools
• ACL
– Performs the routine tasks
• Audit Expert Systems
– Based on a series of “if-then” production rules
• Statistical Analysis
– Performs statistical analysis on a client’s data
file
Audit Techniques with CAATs
– Validate Application Integrity
• Test Data
• Integrated Test Facility (ITF)
• Parallel Simulation
– Verify Data Integrity
• Data Extraction and Analysis
• Detect Fraud
• Continuous Auditing Techniques
Ten Steps to using CAATs