Question: Computer - assisted audit technique ( CAAT ) software packages can be used for the audit of accounts receivable ( AR ) . Select from
Computerassisted audit technique CAAT software packages can be used for the audit of accounts receivable AR Select from the option list below the best procedure to complete each statement. Each choice may be used once, more than once, or not at all.
An auditor used a CAAT to preform testing on accounts receivable AR The first step was to put the client's AR file in a form necessary for use in the CAAT program. To identify the largest balances, the CAAT used the function. In another test, the CAAT function of was used to place the receivables in categories from oldest to most recent. was used to obtain balances in each category to place in a report. The auditor finally selected specific AR balances from the AR file to confirm by using
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
