The applications of auditing procedures using the computer as an audit tool refer to

1. What is the use of computer in audit?
2. What are the tools used in auditing?
3. What is auditing in Computerised environment?
4. How do computer assisted procedures impact this audit?
5. How are computer assisted audit techniques used?
6. What is computer audit software?
7. What are audit procedures?
8. How do computer assisted audit solutions help the auditing process?
9. What are audit productivity tools How do they assist auditors?
10. What factors influence auditors use of computer assisted audit techniques?
11. What is audit productivity tools?
12. What are substantive audit procedures?
13. What types of computer assisted audit tools CAATs are available to assist with internal audits?

What is the use of computer in audit?

Computer Assisted Audit Techniques are used in performing several auditing measures and processes, including: Analytical procedures, as: when discovering major irregularities or variations. Implementing modules to obtain data for audit testing. Testing of application controls, as in evaluating the running of a program.

What are the tools used in auditing?

This would include programs such as data analysis and extraction tools, spreadsheets (e.g. Excel), databases (e.g. Access), statistical analysis (e.g. SAS), generalized audit software (e.g. ACL, Arbutus, EAS), business intelligence (e.g. Crystal Reports and Business Objects), etc.

What is auditing in Computerised environment?

Auditing Around the Computer: It is the type of auditing done in a traditional method. The auditor summarises the input data and ignores the computer's processing but ensures the correctness of the output data generated by the computer, this approach is generally referred to as “auditing around the computer”.

How do computer assisted procedures impact this audit?

CAATs allow the auditor to: Independently access the data stored on a computer system without dependence on the client; ... Increase the accuracy of audit tests; and. Perform audit tests more efficiently, which in the long-term will result in a more cost effective audit.

How are computer assisted audit techniques used?

Use your audit plan to identify where CAATs can be used. Focus on recognising specific audit needs. Identify data necessary to achieve the required results. Document your data requirements, i.e. the what, where, how and who.

What is computer audit software?

Audit software is commonly used to help analyze and test accounting records. Audit software is a type of computer program that performs a wide range of audit management functions. ... Similar to general accounting software, audit software is commonly used to help analyze and test accounting records.

What are audit procedures?

Audit procedures are the processes and methods auditors use to obtain sufficient, appropriate audit evidence to give their professional judgment about the effectiveness of an organization's internal controls.

How do computer assisted audit solutions help the auditing process?

Computer Assisted Audit Techniques (CAATs) refers to using technology for increasing the effectiveness and efficiency of auditing. CAATs enable auditors to do more with less and add value through the assurance process which is more robust and comprehensive.

What are audit productivity tools How do they assist auditors?

Computer Assisted Audit Techniques (CAATs) is the tool which is used by the auditors. This tool facilitates them to make search from the irregularities from the given data. With the help of this tool, the internal accounting department of any firm will be able to provide more analytical results.

What factors influence auditors use of computer assisted audit techniques?

UTAUT proposes that four factors influence user acceptance: (1) user expectations about systems' performance (i.e., performance expectancy), (2) users' perceptions about the effort needed to use the new system (i.e., effort expectancy), (3) users' perceptions whether individuals important to them encourage system use ( ...

What is audit productivity tools?

Auditor Productivity Tools include:

 Audit Planning and tracking - Risk assessment, audit schedule preparation and tracking, and budget preparations are necessary tasks in audit planning.

What are substantive audit procedures?

Substantive procedures in auditing are processes or methods that auditors use in order to find or prevent miscalculations in financial records. Substantive procedures often provide a record of some financial activity that alerts professionals that the activity is happening and documents it for further review.

What types of computer assisted audit tools CAATs are available to assist with internal audits?

The CAATs include five categories: test data technique, integrated testing technique, parallel simulation technique, embedded audit and generalized audit software (Braun & Davis, 2003) . Besides, the auditor requires understanding how the system works and how the internal control works inside the system. ...