Speed and Accuracy
The primary advantage to of CAATs is the increased speed and accuracy. if an auditor can use a computer program to run through financial statements and compile data and figures, then the job can be done very quickly.
the audit committee communicate with internal audit, external audit and CFO on behalf of the company.
What are advantages of human resources auditing
Computer audit software is used for many things. Typically, computer audit software is used for designing and creating a sophisticated plan to increase the accuracy of audit results.
advantages and disadvantages of non statutory audit
advantages and disadvantages of non statutory audit
It is a software designed to read, process and write data with the helpof functions performing specific audit routines and with self-made macros. It is a tool in applyingComputer Assisted Auditing Techniques. Functions of generalized audit software include importingcomputerized data; thereafter other functions can be applied: the data can be e.g. browsed, sorted,summarized, stratified, analyzed, taken samples from, and made calculations, conversions and other operations.
An advantage to having an external audit is the fact that the audit will not be biased. A disadvantage to external audits is the process. It can be long and invasive.
allows an individual to identify their strength and weaknesses
it is prepared by auditor for taking action to complete their assignment in well manner.
In order to find out about the process involved in a computer audit one can go to the relevant website and get information. Also one can get more information from the library books about this issue. Alternatively one can consult an expert in this subject to get detailed information in this field.
Mahak NAfish
I actually do hotel audit and front desk work. The computer autoposts during audit.