Solution
Audit CAATS
Tools used in order to improve the efficiency, scope and reliability of the analysis performed by the auditor
Construction, Oil & Gas. Government, IT and New Product Development, etc.
What are CAATS solutions?
Named by its acronym in English (Computer Assisted Audit Techniques). They are audit tools and techniques that allow the auditor to increase the scope and efficiency of the audit with automated procedures.
The use of CAATS solutions provides a means to improve the grade of analysis of information, in order to cover the objectives of audit reviews, and to report findings with relevance to the level of reliability of records generated and maintained in computerized systems.
CAAT solutions can be used to perform various audit procedures including:
Easy tracking and management of relevant problems and issues.
Robust dashboard for contract management and performance data.
Informative reports showing the confidence levels of the project.
Sophisticated techniques for determining contingency and risk response plans.
Monitor and evaluate project performance against plan.
Benefits
Increase or broaden the scope of the investigation and allow for tests that cannot be performed manually.
Increase the scope and quality of sampling by verifying a large number of elements.
Increase the quality and reliability of the verifications to be performed.
Reduce the period of testing and sampling procedures at a lower cost.
Ensure the least possible number of interruptions to the audited entity.
Provide the auditor with autonomy and independence of work.
They allow simulations of the processes under examination and monitoring of the work of the units..
Perform an a priori plan on the points with potential violation of Internal Control..
Significantly reduced risk of non-detection of problems.
The auditors can focus their attention on those indicators that show unusual balances or significant variations, which need to be reviewed as part of the audit.
Increased productivity and depth of analysis performed during the audit.
Products that support this solution:
We present our portfolio of solutions designed to meet your needs in the audit area, enabling you to implement complex and specific solutions.
Case Studies:
Bank
Automation System Audit Function
Product: AutoAudit Desktop
Country: Puerto Rico
Education
Automation System Audit and Data Analysis Function
Product: AutoAudit Desktop
Country: Puerto Rico
Government
Automation System Audit Function
Product: AutoAudit Desktop
Country: Puerto Rico
Bank
Data Analysis Solution
Product: Arbutus Analyzer
Country: Puerto Rico
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