Notes and Summaries for Audit and Assurance || 1

Computer Aided Audit Techniques

Audit functions formerly performed manually are now performed using stan- dard financial accounting software, modified as necessary for a particular system. Generally, much of the same information is requested and analyzed as in a traditional audit. Once verified using computer techniques, data is retained so it can be used in other areas of the audit including  error identi- fication and segregation of transactions within accounts. Customized re- ports are generated by computer and a standard audit trail is maintained.