What are computer assisted audit techniques (CAATs)? | KNEC| KASNEB| KISM| Ebooks Kenya

CAATs are procedures which are performed through a computer. The audit approach thus shifts from conventional to the use of computer system. Use of CAATs is governed by ISA 1009 and describes two of the main types of CAATs as:
1) Audit Software
2) Test Data

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Identify five audit benefits that could be derived from using Computer Assisted Audit Techniques (CAATs) when carrying out testing of computer records
Define the term audit programme
List five limitations of an audit
How does audit planning assist in the conduct of an audit?
Write briefly explanatory notes on the following types of audit: Statutory audit, Private audit, Balance sheet audit and Management audit;
Distinguish between a procedural audit and a balance sheet audit
Define and explain the meaning of an audit programme
Write brief explanatory notes on the following audit terms: Vouching audit;
What is the purpose of an audit report ?
List two advantages and two disadvantages of using standardised audit programmes during audit assignments
Explain the computer assisted audit techniques listed below: Embedded audit facilities and Integrated test facilities
Identify four factors that should be taken into consideration by an audit firm when allocating staff to audit assignments
List four advantages and four disadvantages of using the risk-based audit approach when auditing the financial statements of limited companies
List six contents of an unqualified audit report
Briefly explain the types of audit opinion that would normally arise from a limitation in the scope of audit
Explain the reliability of bank statements as audit evidence
Identify any four contents of an audit engagement letter
Outline the basic elements of an unqualified audit report
What specific actions can an individual auditor or audit firm take to minimize liability arising from audit risk?
Explain the nature and purpose of a post-audit review
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Quantitative Techniques July 2016 Past Papers - KNEC Diploma
Printa Limited is a large printing company, which has an on-line computer accounting system. The system is based around a central main frame computer, with terminals serving individual departments. As part of the interim audit work, you have been asked to carry out a preliminary evaluation of ;•The integrity of the data base as far as it is relevant to your audit and, •The effectiveness of the computer controls over sales and debtors.Required: Describe the controls, which you would expect to be in operation in order to maintain integrity of the database
Explain the meaning of the following terms in relation to audit reports. Limitation in the scope of the audit and Emphasis of matter
State the basic element of the scope paragraph of an audit report
Write brief explanatory notes on the following audit terms:Walk-through tests
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Write brief explanatory notes on the following audit; Weakness tests terms
Write brief explanatory notes on the following audit terms:Control procedures;
Write brief explanatory notes on the following audit terms:Internal check;
List and briefly explain four objectives of an audit of financial statements
Identify four common problems that may hinder the proper implementation of an audit plan
Many auditors now use laptops computers to perform various audit tasks. However, if audit firms use laptop computers they risk data being corrupted and appropriate controls must therefore be put in place to prevent the corruption of data;Explain six ways which auditors can use laptop computers in their audit work (other than computer-assisted audit techniques)
Computer Applications I Theory - July 2018 Past Question Paper
Explain the auditor‘s planning process when planning for an audit of a new client
In the context of audit sampling, distinguish between the following terms: Sampling risk and non-sampling risk, Tolerable error and expected error and Audit risk and detection risk
List three disadvantages of using standardized audit programmes and how these disadvantages can be avoided
Working papers provide the audit evidence. They can be categorized into: Auditors‘ prepared working papers, Client‘s schedules used as working papers , Audit programmes.Working papers are then organized into files usually referred to as either current files of permanent files.Required:c) What details should an audit programme indicate?
Why is an external audit necessary for companies registered under the Companies Act ?
Explain the meaning of the following audit terms: Tests of control. ,Substantive tests

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