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Explain the functions of audit productivity software - CAAT

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Describe how the selected computer assisted auditing techniques will be used to validate data and system integrity within the system.

Explain the functions of audit productivity software.

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Solution Summary

The 637 word referenced solution explains the value of CAATs in terms of system integrity, internal controls and validation.

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Note to student: The response to the first question may not be on target if technical procedures were expected to be explored. I took a broader view towards problems and results.

Describe how the selected computer assisted auditing techniques will be used to validate data and system integrity within the system.

System integrity points to an internal function in which a company with established internal controls over electronic operations can test its own system for compliance with its objectives and procedures. External auditors are often involved in the system of internal control from the standpoint of goals and outputs, but a company must design, purchase and operate CAAT programs.

Because fully electronic record keeping has increased dramatically in recent years, the comfort level needed to increase also. Buying and/or customizing purchased software for financial applications is well and good, but the code is so well protected that it is often not possible to understand exactly how the software handles data. As an auditor, I ...

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