Computer Assisted Audit Tools and Techniques:

Imagine you're working as an auditor, and your assignment involves using computer$-$assisted audit tools to analyze a substantial dataset of financial transactions. During this process, you detect certain patterns that make you suspicions of potential fraud or irregularities. In such a scenario,

how would you make the best use of these tools to carry out a more thorough investigation?

Describe the particular methods that you would apply to verify your discoveries and collect supporting evidence. I$\text{'}$m interested to see how computer$-$assisted audit tools and techniques can significantly improve the efficiency and effectiveness of your audit procedures. 

Answer rating: 100% (QA)

When suspicions of potential fraud or irregularities arise during an audit using computerassisted audit tools CAATs its crucial to leverage these tools effectively to conduct a thorough investigation ... View the full answer