Identify the choice which defines the abbreviation CAAT.

Question

Want to see the full answer?

Answer 1

Question

Chapter 6, Problem 5MCQ

To determine

Identify the choice which defines the abbreviation CAAT.

Expert Solution & Answer

Want to see the full answer?

Check out a sample textbook solution

See solution

Students have asked these similar questions

A primary advantage of using CAATs in the audit of an advanced computerized system is that it enables the auditor toa. Substantiate the accuracy of data through self-checking digits and hash totals.b. Utilize the speed and accuracy of the computer.c. Verify the performance of machine operations that leave visible evidence of the occurrence.d. Gather and store large amounts of supportive audit evidence in machine-readable form.

When an auditor tests the internal controls of a computerized accounting system, which of the following is true of the test data approach? A. Test data are coded to a dummy subsidiary so they can be extracted from the system under actual operating conditions. B. Test data programs need NOT be tailor-made by the auditor for each client's computer applications. C. Test data programs usually consist of all possible valid and invalid conditions reguarding compliance with internal controls. D. Test data are processed with the client's computer and the results are compared with the auditor's predetermined results.

List the management reports and computer files that can be used for audit evidence. What information in them can be useful to auditors?