Explain the terms 'audit software' and 'test data' and list the advantages of using CAATs in an audit.
Explain the terms 'audit software' and 'test data' and list the advantages of using CAATs in an audit.
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
Chapter7: Planning The Audit: Identifying, Assessing, And Responding To The Risk Of Material Misstatement
Section: Chapter Questions
Problem 12RQSC
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Explain the terms 'audit software' and 'test data' and list the advantages of using CAATs in an audit.
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