COMPUTER-ASSISTED AUDIT

TOOLS AND TECHNIQUES

(CAATTS)

Optimizing the Modern Audit Process

WHAT ARE CAATTS?
(Computer-Assisted Audit Tools and Techniques)

• A combination of software tools and

methodologies
• Used to analyze and evaluate an organization's
data and IT systems
• Encompasses data extraction, analysis, and
automated testing
WHY USE CAATTS?
(Computer-Assisted Audit Tools and Techniques)

• Embracing Efficiency with CAATT

• increased audit effectiveness and efficiency
• Ability to analyze larger datasets for deeper
insights
• Improved detection of fraud and errors
• Reduced time and cost of audits
 TYPES OF CAATTS

A CAATTs Toolbox
• Generalized Audit Software (GAS): All-purpose tools for data extraction, analysis, and
manipulation (e.g., ACL, Arbutus)
• Data Analysis and Extraction Tools: Specialized software for specific tasks like data
mining and filtering
• Spreadsheets: Familiar and versatile for basic data analysis and calculations (e.g., Excel)
• Statistical Analysis Tools: Advanced software for identifying trends and patterns (e.g.,
SAS)
• Business Intelligence (BI) Tools: Software for data visualization and reporting (e.g.,
Tableau, Power BI)
BENEFITS OF USING GAS

The Power of Generalized Audit Software

(GAS)
• Automates data extraction and manipulation
• Performs complex calculations and comparisons
• Offers data sampling and filtering capabilities
• Facilitates data visualization and reporting
 APPLYING CAATTS TO
DIFFERENT AUDIT AREAS
A Versatile Approach

• Financial Statement Audits: Testing transactions,

analyzing account balances, identifying anomalies
• Operational Audits: Assessing efficiency, effectiveness,
and compliance of internal controls
• IT Audits: Evaluating IT security, data integrity, and
system controls
DATA ANALYTICS IN CAATTS

Unveiling Insights with Data Analytics

• A subset of CAATTs focusing on advanced

data analysis techniques
• Utilizes statistical methods, machine learning,
and data visualization
• Enables identification of trends, patterns, and
potential risks
THANK YOU