CAAT

Question 1

Application program that Collects Transaction Data for the auditor

Answer 1

Embedded Audit Modules

Question 2

Test controls for bad data

Answer 2

Test Data

Question 3

Dummy Transactions posted to a “Test” Account that the client is unaware of

Answer 3

Integrated Test Facility

Question 4

Parallel Simulation

Answer 4

Client input data is processed through both the Client’s program and the Auditor’s version of the client’s program and the output is compared