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Outline six benefits that could be derived from using Computer Assisted Audit techniques (CAATs)

      

Outline six benefits that could be derived from using Computer Assisted Audit techniques.
(CAATs)

  

Answers


Kavungya
• Examination of data is more rapid;
• Examination of data is more accurate;
• The only practical method of examining large amounts of data;
• Gives the auditor practical acquaintance with live files;
• Overcomes in some cases a loss of audit trail;
• Relatively cheap to use once set up costs have been incurred;
• Improves the timeliness of the information provided or analysed.
• Assists the audit to select the sample items for large population.
• Automatic generation of the audit plans, programmes, schedule.
Kavungya answered the question on May 15, 2019 at 08:37


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