Computer-aided audit tools: Difference between revisions

Revision as of 01:13, 3 May 2006

Revision as of 06:12, 8 July 2006

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*[http://www.theiia.org/itaudit/index.cfm?fuseaction=print&fid=5404 Continuous Monitoring]is an ongoing process for acquiring, analyzing, and reporting on business data to identify and respond to operational business risks. For auditors to ensure a comprehensive approach to acquire, analyze, and report on business data, they must make certain the organization continuously monitors user activity on all computer systems, business transactions and processes, and application controls.

Additionally, the auditor can install audit procedures into their audit software called imbeddedembedded audit routines, which can continuously capture and analyze an application’s processing results. The audit routines can capture transaction data, statistics, and continuously evaluate the organization’s computer system for processing errors. For example, evaluating whether fields that should only have alpha characters have no null data values and amount fields have no alpha characters.

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== Note on the Acronyms CAATTS vs CAATS==

When spoken, CAATTS and CAATS are used interchangeably. Most people do not realize that theerethere is a subtle difference between the two.

CAATTS stands for "Computer Aided Audit Tools and TechiniquesTechniques" or "Computer Assisted Audit Tools and Techniques."

CAATS can stand for either "Computer Aided Audit Tools" or "Computer Aided Audit Techniques." Again, some will use the word "Assisted" rather than "Aided."