Study unit 8.1

Question 1

What is the typical functions to perform by using CAAT’s

Answer 1

Stratification of data files
Selection of transactions for testing
*statistical
*above a certain rand value
*with certain intervals
Report items that met certain criteria on an exception report to perform audit procedures thereon
Re-performance of calculations and castings
Analytical review procedures like comparing actual figures with that of budgets/previous years
Sorting and file recognition
Summarization of data