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AUDIT SOFTWARE - Coggle Diagram
AUDIT SOFTWARE
Generalized Audit Software
most common computer assisted audit tool (CAAT) used
used to mine and analyse data to identify anomalies, errors and omissions and Is used in gathering audit evidence rather than documenting
Function
File or database access
Reads and extracts data from a client's computer file or databases for further audit testing
Statistical analysis
provide functions supporting various types of audit sampling.
Arithmetic function
perform a variety of arithmetic calculations on transactions, files and databases.
Report generation
prepare various types of documents and reports
Audit tasks
Footing and balancing entire files or selected data items.
Selecting and reporting detailed data contained on files.
Selecting stratifies statistical samples from data files.
4.Formatting results of tests into reports
Printing confirmations in either standardardized or special wording.
6.Screening data and selectively including or excluding items.
Comapring two files and identifying any differences.
Access
ACL
a data analysis software program that helps auditors remaiin current with changing technology.
Its primary usefulness lies in its ability to perform analysis and audit tests on 100% of the data available rather than merely sampling the data.
IDEA
Interactive Data Extraction and Analysis (IDEA) is a leading eAudit data-analytics software package. IDEA provides audit, finance and compliance professionals in industry and practice with an efficient and effective solution for high performance audits.
Utility Software
performs fairly specific functions that are needed frequently, often by a large number of users, during the operation of computer system
The use
To facilitates security and integrity assessments
Facilitate the process of obtaining and understanding the application system
Assess data quality and program quality
Facilitate program development
Facilitate operational efficiency assessment
Utility Software performs certain tasks like virus detection, installation, and uninstallation, data backup, deletion of unwanted files, etc. Some examples are antivirus software, file management tools, compression tools, disk management tools, etc.
Utility software is the subset of software, such as database management system's report generators, that provides evidence to the auditors about system control effectiveness.