* Selecting items for audit testing and printing information;
* Comparing data obtained with the help of auditsoftware to that from the client’s records.
1.3 Advantages and disadvantages of auditsoftware
Generalizedauditsoftware packages are readily...
performance, especially if testing is extensive Verifying EAM integrity - such as environments with a high level of program maintenance Status: increasing need, demand, and usage of COA/EAM/CA
Brief history Most widely used CAATT [Figure 8-19] Usages include:
are the advantages and disadvantages of usinggeneralizedauditsoftware? Will this software be more appropriate for auditing your organization’s computer information system, or would it be necessary to develop customized auditsoftware? What type of software will work best for your work...
are investigated to determine the causes.
a. Does not contaminate client files
b. Can be run at a service bureau independently of client
a. Expensive to develop generalizedauditsoftware which adequately simulates the client's software...
2) Auditor identifies those processes and controls critical to
3) Auditor creates the simulation using program or
4) Auditor runs the simulated program using selected data
5) Auditor evaluates results and reconciles differences
near past CAATT’s were sophisticated and difficult for a financial auditor to use them, only IT specialist could take advantage of them. Nowadays, it is easier than ever to analyze large amounts of data for anomalies, such as mistakes or fraud. Auditsoftware can be implemented in many activities of...
tools may enhance the entire internal control structure.
There are certain advantages and disadvantages in using computer in the conduct of audit. Take note that the characteristics of computer information system already tackled above pertains to some advantages and disadvantages of CIS. Advantages...
would least likely use computer software to a. Access client data files c. Assess EDP controls b. Prepare spreadsheets d. Construct parallel simulations
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39. A primary advantage of usinggeneralizedauditsoftware packages to audit the financial statements of a client...
computer tools used to generate random samples?
d a. Electronic spreadsheet programs.
b. Random number generators.
d. Random application search software.
35. Auditors are concerned with which type of exceptions?
medium a. Deviations from a client’s established...
software used in substantive testing
1. Generalizedauditsoftware (package programs)
* Most commonly used in Australia
* Easy to use, used on many different computers
* Many functions (calculations, sample selection, identifying records meeting specific criteria, comparing data...
they will be aware of the advantages and disadvantages of each of the software’s.
• Most organizations in the global market have introduced Information Technology within their accounting procedures.
• All accounting software system adopted by a business...
). Recommendations of techniques are outlined below for Kudler Fine Foods that test controls, sample items, and validate applications for intentional or unintentional conceding (Bagranoff, 2008, pg. 188). Types of CAATs include:
GeneralizedAuditSoftware (GAS) – allows the auditor to perform...
, enhance investor confidence and capital intensity. So speed accuracy, for the two sides of the company and investors, has more advantages than disadvantages.
Debreceny et al (2001) argue, XBRL is commonly used which means human and intelligent software agents allow the network to generate...
prevention of intrusions. In this paper, we are
mostly focused on data mining techniques that are being used for such purposes. We debate on the advantages and disadvantages of these techniques. Finally we present a new idea on how data mining can aid IDSs.
Security, Data mining...
they want simply a program that stores their documents or if they want a program with features that can actually do the work for them. These two types can be referred to as either a record management tool, or generalizedauditsoftware (GAS). Some programs may have both the management tool and the...
Embedded Audit Module
Disadvantages of EAMs
Using GAS to Access Simple Structures 361
Using GAS to Access Complex Structures 361
Audit Issues Pertaining to the Creation of
Flat Files 363
Data Definition 364
Customizing a View 366...
easier to implement any of the others; many documents required for a different standard are already prepared, and personnel are already accustomed to the audit process. Using multiple standards will not only increase the efficiency of an organization, but increase the integrity of its operations.
2.4 Telecommunication 3 Applications 3.1 Manufacturing 3.2 Marketing 3.3 Financial 4 Advantages and Disadvantages 4.1 Advantages 4.2 Disadvantages 5 Future Trends 6 References 7 See also 8 External links |
Traditionally, executive information systems were developed as mainframe...