Computer-aided audit tools: Difference between revisions

Revision as of 08:59, 19 February 2018

Revision as of 15:32, 22 February 2018

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===CAATTs alternative===

CAATTs, not CAATs or CAT like the cat meow meow, addresses these problems that these cats have with stray dogs. the other CAATTs, as it is commonly used, is the practice of analyzing large volumes of data looking for anomalies. A well designed CAATTs audit will not be a sample, but rather a complete review of all transactions. Using CAATTs the auditor will extract every transaction the business unit performed during the period reviewed. The auditor will then test that data to determine if there are any problems in the data.

===Traditional audit vs CAATTs on specific risks===