caat
DESCRIPTION
CAAT. By : Dhruv Seth [email protected]. At today’s workshop. Myths with CAAT. Introduction - CAAT. What are CAAT ?. Why CAAT. Technique - CAAT. AUDITING AROUND COMPUTER. AUDITING THROUGH COMPUTER. Types of CAAT. Capabilities of CAAT. Uses of CAAT. How to use CAAT. - PowerPoint PPT PresentationTRANSCRIPT
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At today’s workshop
•General Principles of CAAT
•Tools available in Excel
•Excel as a CAAT
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Myths with CAATLimited knowledge of computers, software, etc.
My accounts are perfect since they are computerized
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Introduction - CAAT
What are
CAAT ?
C - Computer
A - Assisted
A - Auditing
T - Techniques
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Why CAATVolume of Transactions
Audit Trail
Automated Audit SampleIdentifying suspicious payments
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Technique - CAAT
AUDITING AROUND COMPUTER
AUDITING THROUGH COMPUTER
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Types of CAAT
Test Data Techniques
Generalized Audit Software
Specialized Software
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Capabilities of CAATImport data from any format
Statistical Functions
Multidimensional analysis and exceptional testing
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Uses of CAAT
Exception Identification
Control Analysis
Error Identification
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How to use CAATIdentify your goals and information requiredDetermine Source, review its documentationGet exception reports for further hard checking
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Precautions with CAATIdentify correct data and fields
Keep a tab on control totalsEnsure data is represented correctly & completely.
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UNDERSTANDING EXCEL
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2007
Vs.
2003
WHY EXCEL 2007 ?Integration
Conditional FormattingFile StructureStability
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2010
Vs.
2007
WHY EXCEL 2010 ?Slicer
Power Pivot
Temporary save
Printing
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Excel LimitationsIntegrity of Data
Instability with large data
Number of Line Items
No Batch processing
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PREPARING
DATA
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Opening OR
Importing
PREPARING DATAXML fileDatabase files (DBF file)ODBC Linking
FVU Files
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TOOLS AVAILABLE IN EXCEL
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BEGINNER
TOOLS
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Tools - BeginnerFinding numbers as textUnderstanding Date formatCombining two cell data
Formula Auditing
Text to column
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Tools - BeginnerSorting & MathematicalData Validation and Circle Invalid Data
Filtering Data
Conditional Formatting
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INTERMEDIATE
TOOLS
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Tools - IntermediateAutomated Sample Selection
Recording Macros
Advanced Conditional FormattingData Tools (Goal seek etc.)
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Matching Data (V-Lookup)
Pivot Charts
Combination of tools
Statistical Tools
Tools - Intermediate
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ADVANCED
TOOLS
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Benford’s Law
Sampling
Rank Percentile & Descriptive Statistics
Summarize data
Excel as CAAT - Advanced
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USE OF EXCEL as CAAT
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WHY EXCEL
AS
CAAT ??
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EXCEL as compared to other tools such as ACL, IDEA etc.
WHY EXCEL ?
User friendly
Highly customized
Availability
Cost
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APPLICATION OF TOOLS
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ACCOUNTS
PAYABLE
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Petty Cash Analysis
Stratification Vendor PaymentsDuplicate, Above AverageEmployee Vendor match
Accounts Payable – Some Tests
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Terms of Payment (TAT)Excess of Purchase ordersVendor Master Analysis
Suspicious Payments
Accounts Payable – Some Tests
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ACCOUNTS
RECEIVABLE
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Unusual Customer InformationOld Pending Invoices
Invoice Date with Shipping Date
Suspicious Invoicing
Accounts Receivable – Some Tests
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Shipping to Invoice Quantity
Average Realizations
Ordering vis-à-vis Invoicing
Subsidiary Sales
Accounts Receivable – Some Tests
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GENERAL
LEDGER
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Bank Reconciliation
Validating TDS return
Salary payout to log in timeSummarize activity by user
General Ledger – Some Tests
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Duplicate Inventory Items
Negative Inventory Items
Overtime payment analysisSalary payout to log in time
General Ledger – Some Tests
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Maximizing Excel
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Helpful tools of Excel
Learn Shortcuts
XLS start folder
Speech function
Page Layout view
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Helpful tools of Excel
Macro Recording
Copying & Editing macro
Mail Merge with word
Add-ins
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Helpful tools of Excel
Printing
Customizing Excel with options
Inserting Objects