Audit Techniques Using More Technically Powerful Systems

Computer Assisted Audit Techniques Tools (CAATs or CAATT). These methods are becoming more and more popular in the profession of auditor. Now more than ever, these tools are used throughout the industry to help internal auditors look for violations and falsifications in the data array, analyze 100% of all data and automate audit processes.

Simply put, the tool is used to simplify data analysis. Organizations that have taken CAATs to the next level have realized the many benefits of using these tools.

CAATs have been used for quite some time to complement traditional audit methods. CAATs tools include ACLs (Audit Command Language), Excel, Access, SQL Server, and Caseware IDEA.

Why use CAATs?

The simple accountant no needs to know what computer programming is in order to be able to identify, query and import data for analysis. There are tools where they simply can carry out these processes based on an intuitive user interface.

Once you get the relevant data and import it into your environment, it’s time for analytics. Many tools on the market today include automated procedures that fulfill common requests.

Using the CAATs CaseWare IDEA tool to create an accurate methodology for your specific situation, in the subsequent situation when unifying data information, you can conduct analytical procedures automatically without wasting time. Even with some changes in the structure or audit procedure, adjusting the analysis script will not be difficult.

There are many analysis methods that can be performed using CAATs. Some of them are presented below:

  • Aging
  • Expressions/Equations
  • Trend Analysis
  • Regression Analysis
  • Parallel Simulation
  • Gaps
  • Statistical Analysis
  • Duplicates
  • Sort/Index
  • Summarization
  • Stratification
  • Matching
  • Join/Relate

In further articles, we will consider each of the listed methods in more detail by examples, identify the tasks of each of them.

When creating a technical task, we also focus on the selection of the CAATs tool, since the method provides for the automation of audit processes. And not in vain, there are a lot of products on the market that are gradually developing, providing an increasingly advanced selection of in-depth analysis and improved audit procedures, while creating a more convenient user interface.

On this page you can learn more about CAATs, as well as software comparisons:

This table displays the popular CAATs tools and comparisons, the criteria of which is the presence of analysis methods.

Also on this page are other comparative tables of technical specifications.

To learn more about data analysis and technologies for Internal Auditing, check out our solutions or send us a request for a FREE demo version.


If you still have questions,

You can contact our specialists: