Analyze and differentiate between ADA and CAATTS tools when assessing internal controls, audit risk, and gathering substantive evidence. Explain the potential application of ADA in evaluating audit risk and identifying potential instances of enterprise fraud. Provide evidence to support your viewpoint.

Answer rating: 100% (QA)

ADA Automated Data Analysis and CAATs ComputerAssisted Audit Techniques are both tools used by auditors to assess internal controls audit risk and gather substantive evidence but they have some differ... View the full answer