QUESTION 4 In Information technology, tests of controls and substantive test can be performed using audit software that can access the client's computerized system at a high speed, such software is referred to as Computer Assisted Audit software, tools or techniques (CAATS). Provide 5 advantages of using CAATS in auditing.

Auditing: A Risk Based-Approach (MindTap Course List)
11th Edition
ISBN:9781337619455
Author:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg
Publisher:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg
Chapter5: Professional Auditing Standards And The Audit Opinion Formulation Process
Section: Chapter Questions
Problem 32RQSC
icon
Related questions
Question
QUESTION 4
In Information technology, tests of controls and substantive test can be performed using audit software that can
access the client's computerized system at a high speed, such software is referred to as Computer Assisted Audit
software, tools or techniques (CAATS). Provide 5 advantages of using CAATS in auditing.
Transcribed Image Text:QUESTION 4 In Information technology, tests of controls and substantive test can be performed using audit software that can access the client's computerized system at a high speed, such software is referred to as Computer Assisted Audit software, tools or techniques (CAATS). Provide 5 advantages of using CAATS in auditing.
Expert Solution
steps

Step by step

Solved in 3 steps

Blurred answer
Knowledge Booster
Information system controls
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
Auditing: A Risk Based-Approach (MindTap Course L…
Auditing: A Risk Based-Approach (MindTap Course L…
Accounting
ISBN:
9781337619455
Author:
Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg
Publisher:
Cengage Learning
Accounting Information Systems
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,