In addition to the audit plan for the analyzed processes, of Kudler Fine Foods, encouragement of ways to improve audit documentation and process, by using computer technology was addressed to Kudler’s management team. As a result, Kudler Fine Foods management team is considering incorporating proposed computer assisted auditing techniques (CAATs) within its systems. CAATs will increase efficiency levels of an auditor’s personal productivity during analysis and data extraction of the audit which is beneficial to the performance of Kudler. CAAT will also service as a validation agent providing assurance of data integrity and reliability to the operations of Kudler Fine Foods for its users. CAAT surfaces inconsistencies that can be verified timely. Recommendations
The implementation of industry specific accounting software at Kudler Fine Foods was recommended that would track inventory needs more efficiently as the company was experiencing excessive spoilage of perishable inventory which was the streamline to profitability. The new system managed inventory by automation, POS, and accounts payable/receivable functionalities thus saving money and assisted with better forecasting methods of inventory maintenance. IT audit were evaluated to assist the system’s internal and external control designs based on the infrastructure of Kudler’s needs as well as adhering to compliance of standards and procedures. For manageability of productivity, CAATs software recommendations were expressed to management for movement away from manual auditing processes as reassurance of more reliable data.
Recent implementation of accounting software introduced and Information Technology (IT) audits that assist with internal controls for Kudler Fine Foods, reviews and recommendations were assessed. Audit documentation and process may be improved, through the utilization of computer technology for this organization were analyzed. In preview of Kudler’s...
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