IFA - Institute Of Forensic Auditors

Traditionally, within audits, conclusions have been drawn from limited sampling. In today's business environment, with millions of transactions occurring, the conclusions drawn from these limited samples can be questionable. Were there really no irregularities in the data? Can we be sure there has been no fraud or inappropriate activity? CAATs improves the audit process by enabling auditors to obtain all relevant data, test it in order to identify transactions of interest, and subsequently further follow up these testing exceptions. CAATs enables auditors and management to be more confident in the audit findings