The statement that is most accurate about the procedures that can be performed by computer-assisted audit techniques is:
A) they can physically check the quantity of inventory on hand.
B) they can check for the existence of non-current assets.
C) they can observe the operation of control procedures throughout the period under audit.
D) they can re-perform a variety of calculations and perform calculations and comparisons used for analytical procedures.

Question

Quizplus · Accepted Answer

Computer-assisted audit techniques (CAATs) are primarily used for re-performing calculations, performing analytical procedures, and making comparisons within datasets. They cannot physically check inventory, observe non-current assets, or directly observe control procedures in operation, as these tasks require human judgment and physical presence.

The Statement That Is Most Accurate About the Procedures That