Discuss the nature of caats and list the various audit uses

Assignment Help Auditing

Reference no: EM131196178

CAATs Application: Inventory with Boos & Becker Inc [CLOs: 1, 3, 4]

Read problem 9.53 CAATs Application: Inventory on pages 405 and 406 of the textbook and complete the following:

• In general and without regard to the preceding facts, discuss the nature of CAATs and list the various audit uses of such packages.

• List and describe at least five ways CAATs can be used to assist in all aspects of the audit of inventory of Boos & Becker Inc. (For example, CAATs can be used to read the inventory master file and list items and parts with a high unit cost or total value. Such items can be included in the test counts to increase dollar coverage of the audit verification.) (Hint: Think of the normal audit procedures in gathering evidence on inventory when the client makes a periodic count; then think of how these could help in this particular client situation.)

Reference no: EM131196178

Questions Cloud

Find and sketch the probability density function : STAT2001 - Find and sketch the probability density function of Y, the area of the largest paddock you will be able to fence off and find the expected value, mode and median of Y. Then illustrate these three quantities in the figure in (a).

Design a hospital electronic medical record : Design a Hospital Electronic Medical Record using XML with the following characteristics: The hospital has at least two different departments or patient wards and Each patient ward is supervised by at least two different doctors

Calculate how many grams of h2co3 and hco3 : You wish to prepare 100 mL (total volume) of a buffer solution that is 0.025 M in carbonic acid, pH 7.25. You have solid H2CO3 and solid NaHCO3. Calculate how many grams of H2CO3 and HCO3- you need to weigh out to prepare this solution.

What is meant by the term health care costs : What do the statistics tell us of who are homeless and what are their barriers to healthcare?- What is meant by the term "health care costs"?

Discuss the nature of caats and list the various audit uses : In general and without regard to the preceding facts, discuss the nature of CAATs and list the various audit uses of such packages.

Find the conference mission statement : Below you will find the conference mission statement, a map of all current Big 12 member institutions, a table of specifics about each institution, and pertinent information about potential cities where the office could be located

Collective bargaining negotiations with the union : Caption: The possibility of a labor stoppage at TNH Industry is becoming greater and greater as the collective bargaining negotiations with the union have broken down. Although they have a contingency plan for management to operate the machinery i..

What frame best depicts your organization and why : One of the common errors that students make in the writing of this paper is to limit the discussion of the "frames" (Bolman & Deal) and "metaphors (Morgan). Do not merely mention these items, but discuss the implications of them. What "frame" best..

Explain the role of the sec and how sarbanes-oxley affected : Write an analysis in a minimum of 350 words addressing the manner in which the Sarbanes-Oxley Act. Discuss the role of the SEC and how Sarbanes-Oxley affected the agency.

User Account

All Pages