1
Q
What are limitations of auditing software
A
Can only conduct post auditing and not concurrent auditing
cannot determine system’s propensity for error
cannot analyze processing logic in system
2
Q
Why is auditing software needed
A
Helps with auditors who are not computer savvy,
Diversity of today’s computer systems make data retrieval, manipulation more difficult
Cater to fast changing auditing requirements
3
Q
3 Capabilities of auditing software
A
- Read different formats of data
- Select data
- Sorting and merging files
- Performing mathematical functions on data
- Categorization and frequency analysis
- Formatting and editing of data for report generation
4
Q
3 Tasks performed by auditing software
A
- Examine quality of data
- Examine quality of system processes
- Examine existence of entities data presents
- Undertake analytical review
5
Q
2 other forms of auditing software
A
6
Q
2 other forms of auditing software
A
