Computer assisted audit techniques:
A)Are never used in compliance testing
B)May be used for substantive and compliance testing
C)Are used primarily when auditing around the computer
D)Are good tools for auditors who are lacking in technical computer skills

Question

Quizplus · Accepted Answer

Computer Assisted Audit Techniques (CAATs) can be used for both substantive testing, which involves directly testing financial transactions, and compliance testing, which checks if controls are working as intended. They are versatile tools in the auditor's toolkit, allowing for efficient and effective auditing through or around the computer systems.