Computer-aided audit tools: Difference between revisions

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{{Short description|Data analysis software}}

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'''Computer-assisted audit tool''' (CAATs) or '''computer-assisted audit tools and techniques''' (CAATTs) is a growing field within the IT audit profession. CAATs is the practice of using computers to automate the IT audit processes. CAATs normally include using basic office [[productivity software]] such as [[spreadsheet|spreadsheets]], [[word processors]] and text editing programs and more advanced software packages involving use [[statistical analysis]] and [[business intelligence]] tools. But also more dedicated [[#Specialized software|specialized software]] are available (see below).

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===Creation of electronic work papers===

Keeping electronic work papers on a centralized audit file or database will allow the auditor to navigate through current and archived working papers with ease. The database will make it easier for auditors to coordinate current audits and ensure they consider findings from prior or related projects. Additionally, the auditor will be able to electronically standardize audit forms and formats, which can improve both the quality and consistency of the audit working papers.'''

===Fraud detection===

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CAATTs and CAATs are used interchangeably. While CAATs has emerged as the more common spelling, CAATTs is the more precise acronym. The acronym CAATTs solves one of the two problems with defining the acronym. CAATs means:

'''C'''omputer '''A'''ided (or '''A'''ssisted) '''A'''udit '''T'''echniques (or '''T'''ools and '''T'''echniques)

The first "A" and the "T" can have two different meanings depending on who uses the term. By using the term CAATTs, one is clearly incorporating both "Tools" AND "Techniques."

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| [[Easy2Analyse]] || QDAC.net. || 4.3 || 2015-05-15 || [[Windows]] || {{Nonfree|[[Proprietary software|Proprietary]] [[Commercial software|commercial]]}} || {{No}} ||Available in full and auditfiles version

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| Intrasoft Audit Support Computer Audit (Formerly known as ESKORT / SESAM) || Intrasoft International || 7.05<ref name="sesam78">{{cite web | title=Intrasoft COMPLIANCE Audit Support 7.0 | url=https://compliance.intrasoft-intl.com/| date=2021-09-02 | accessdate= 2021-09-02 }}</ref> || 2021-03-31 || [[Windows]] || {{Nonfree|[[Proprietary software|Proprietary]] [[Commercial software|commercial]]}} || {{No}} || ''Requires Excel for showing graphs and result of [[Benford law]] analysis.''

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| [[InfoZoom]] || humanIT || 9.0.5 || 2016-11-07 || [[Windows]] || {{Nonfree|[[Proprietary software|Proprietary]] [[Commercial software|commercial]]}} || {{No}} ||