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This document discusses generalized audit software (GAS), which consists of computer programs used by auditors to process data from an entity's accounting system as part of audit procedures. GAS allows auditors to perform tasks like file access and reorganization, data selection using filters, statistical and arithmetic functions, file creation and updating, and reporting. GAS can be used to examine the existence, accuracy, completeness, consistency and timeliness of data, as well as examine system processes and the existence of entities represented in the data. However, GAS only enables ex post auditing and has limited ability to verify processing logic or determine propensity for error.
This document discusses generalized audit software (GAS), which consists of computer programs used by auditors to process data from an entity's accounting system as part of audit procedures. GAS allows auditors to perform tasks like file access and reorganization, data selection using filters, statistical and arithmetic functions, file creation and updating, and reporting. GAS can be used to examine the existence, accuracy, completeness, consistency and timeliness of data, as well as examine system processes and the existence of entities represented in the data. However, GAS only enables ex post auditing and has limited ability to verify processing logic or determine propensity for error.
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This document discusses generalized audit software (GAS), which consists of computer programs used by auditors to process data from an entity's accounting system as part of audit procedures. GAS allows auditors to perform tasks like file access and reorganization, data selection using filters, statistical and arithmetic functions, file creation and updating, and reporting. GAS can be used to examine the existence, accuracy, completeness, consistency and timeliness of data, as well as examine system processes and the existence of entities represented in the data. However, GAS only enables ex post auditing and has limited ability to verify processing logic or determine propensity for error.
Droits d'auteur :
Attribution Non-Commercial (BY-NC)
Formats disponibles
Téléchargez comme PPTX, PDF, TXT ou lisez en ligne sur Scribd
• Re-performing calculations performed by entity’s accounting system.
• Test of application controls.
• Sampling programs to extract data for audit testing. • Test of general controls. • Analytical procedure. • Test of details of transactions and balances. Using generalized audit software iii. Utility Programs ii. Purpose-written programs i. Package Programs • used by the entity to perform. common data • designed to perform audit tasks in • generalized computer programs processing functions such as sorting, creating specific circumstances. They could be designed to perform data processing and printing files. They are generally not prepared by the auditors, by entity or functions e.g. performing designed for audit purposes therefore may not outside programmer. calculations, reading and creating contain some features needed in auditing. data files. process data of audit from the entity’s accounting system. Consists of computer programs used by the auditors as part of their auditing procedures to Audit Software Functional capabilities of generalized audit software
Set of functions Examples
File access Can read all type of data.
File reorganization Shorting and merging files.
selection Boolean and relational operators are
available Data selection Enables global filtration conditions and selection criteria Statistical functions Enables sampling, stratification and frequency analysis. Arithmetical functions These functions facilitate re-computations and re-performance of results. File creation and updating Capabilities to create and update work files based on an organization production file. Reporting Auditing and formatting of output. Audit task that can be accomplished using GAS. Functional limitation of GAS Examine the quality of data. GAS permits auditors to undertake only Ex. Post Auditing. Functional capabilities of GAS can be used to examine the It enables evidence to be collected only on the state of the of an existence, accuracy, completeness, application system after the fact. consistency and timeliness of data. Limited ability to verify Examine the quality of processing logic. system processes. Test performed with GAS the data Examine the existence of the captured and processed by the entities the data purports to application system during the normal course of business. represent. Limited ability to determine Existed data could be accurate, propensity for error. complete, and consistent. It should be determined by the Undertake analytical review. auditor that the system has been designed to accommodate change.