CAAT AA_Chapter_29.2

CAAT AA_Chapter_29.2 - Chapter 29 Information Technology...

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© Peter T. Y. Lau and Nelson C. Y. Lam © Pilot Publishing Co. Ltd. 2009 Auditing and Assurance in Hong Kong 1 Chapter 29 Information Technology and the Auditor (Part II)
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© Peter T. Y. Lau and Nelson C. Y. Lam © Pilot Publishing Co. Ltd. 2009 Auditing and Assurance in Hong Kong 2 Chapter 29.2 Computer-Assisted Audit Techniques (CAATs) CAAT CAT NOT
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© Peter T. Y. Lau and Nelson C. Y. Lam © Pilot Publishing Co. Ltd. 2009 Auditing and Assurance in Hong Kong 3 Agenda 1. Introduction 2. Description of CAATs 3. Considerations in the Use of CAATs 4. Using CAATs 5. Controlling the CAAT Application 6. Documentation 7. Using CAATs in Small Entity IT Environment
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© Peter T. Y. Lau and Nelson C. Y. Lam © Pilot Publishing Co. Ltd. 2009 Auditing and Assurance in Hong Kong 4 1. Introduction What is CAATs ? Computer programs & data used by the auditor as part of the audit procedures to process data of audit significance contained in an entity’s IT system Why use CAATs ? May improve audit effectiveness and efficiency May be used to perform various audit procedures
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© Peter T. Y. Lau and Nelson C. Y. Lam © Pilot Publishing Co. Ltd. 2009 Auditing and Assurance in Hong Kong 5 2. Description of CAATs CAATs may be used to perform various audit procedures Tests of details of transactions and balances; Analytical procedures; Tests of general controls; Sampling programs to extract data for audit testing; Tests of application controls; and Reperforming calculations performed by client’s accounting system.
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© Peter T. Y. Lau and Nelson C. Y. Lam © Pilot Publishing Co. Ltd. 2009 Auditing and Assurance in Hong Kong 6 2. Description of CAATs CAATs may consist of: Package programs Purpose-written programs Utility programs System management programs Embedded Audit Routines Test data techniques
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© Peter T. Y. Lau and Nelson C. Y. Lam
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CAAT AA_Chapter_29.2 - Chapter 29 Information Technology...

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