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GlobalCloud is a cloud service provider that offers various cloud-based secure and cost-effective services to cloud consumers. The customer base of this organization increased within a short period; thus, external auditing was performed on GlobalCloud. The auditor used spreadsheets, databases, and data analyzing software to analyze a large volume of data. Based on the given information, which cloud-based audit method was used by the auditor to collect the objective evidence?

A.
Gap Analysis
Answers
A.
Gap Analysis
B.
CAAT
Answers
B.
CAAT
C.
Striping
Answers
C.
Striping
D.
Re-Performance
Answers
D.
Re-Performance
Suggested answer: B

Explanation:

Computer-Assisted Audit Techniques (CAATs) are tools and methods used by auditors to analyze large volumes of data efficiently and effectively. The use of spreadsheets, databases, and data analyzing software to scrutinize a large volume of data and collect objective evidence is indicative of CAATs.

Here's how CAATs operate in this context:

1.Data Analysis: CAATs enable auditors to handle and analyze large datasets that would be impractical to assess manually.

1.Efficiency: These techniques improve audit efficiency by automating certain parts of the audit process.

1.Effectiveness: CAATs enhance the effectiveness of audits by allowing auditors to identify trends, anomalies, and patterns in the data.

1.Software Utilization: The use of specialized audit software is a hallmark of CAATs, enabling auditors to perform complex analyses.

1.Objective Evidence: CAATs help in collecting objective evidence by providing a transparent and systematic approach to data analysis.

An article defining CAATs and discussing their advantages and disadvantages1.

A resource explaining the role and benefits of CAATs in auditing information systems2.

A publication detailing how CAATs allow auditors to independently access and test the reliability of client systems3.

asked 18/09/2024
Franjo Tomurad
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