Running Head: System Integration and Validation
BRIEF
This brief will focus on computer assisted audit tools and techniques (CAATTs) for the audit process and documentation of Kudler Fine Foods (KFF). The purpose of the CAATTs is to facilitate and quicken the audit process for KFF’s accounts receivable, payable, inventory, and payroll systems.
Preface
KFF has implemented internal controls on its accounting and information systems. It has also targeted four areas of the business system for audit purposes – accounts receivable (AR), accounts payable (AP), inventory, and payroll. Considering the fact that KFF’s business is run on computers, it would be ideal to run the audit process using computer assisted audit tools and techniques (CAATTs). This would increase the efficiency of the audit process.
In today’s world of advancing technology and corporate accounting scandals, I think the best technique for auditing KFF would be in the form of continuous auditing. An example is the embedded audit module. This is a procedure where the audit data is collected at the same time as when the client is performing its business operations. The audit module will give the auditor online access to KFF’s data whenever needed. This technique reduces the time spent to collect data for audit. Granted, the embedded audit module may not be compatible with the client application. This is why it is important to obtain the system modules from the same vendor.
Running Head: System Integration and Validation
Audit Productivity Software Audit productivity software (APS) refers to any computerized software that helps
