What is parallel simulation in IT testing?
This is a form of CAAT testing, which is when the audit team audits through the computer. Parallel simulation will collect client data and process it using a generalized audit software (GAS). Sample sizes can be expanded without significantly increasing the audit cost.
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What does it mean to tag transactions for testing an IT environment?
This is a form of CAAT testing, which is when the audit team audits through the computer. Basically, the audit team will create a fictitious sale in the system and then follow it through the system and make sure that the transaction is properly treated in the system. For example, if you were auditing a...
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What is a test data approach?
This is a form of CAAT testing, which is when the audit team audits through the computer. “Test data approach” will consist of the auditor processing data with the client’s computer by creating fake transactions which are used to test program control procedures. Each control will be tested once.
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What is the embedded audit module approach?
This is a form of CAAT testing, which is when the audit team audits through the computer. The “Embedded audit module approach” is an approach that will assist auditors with audit calculations by enabling continuous monitoring in the audit environment. A known weakness to the embedded audit approach is that it requires implementation in a...
What does it mean to tag transactions for testing an IT environment?
This is a form of CAAT testing, which is when the audit team audits through the computer. Basically, the audit team will create a fictitious sale in the system and then follow it through the system and make sure that the transaction is properly treated in the system. For example, if you were auditing a...
What is a test data approach?
This is a form of CAAT testing, which is when the audit team audits through the computer. “Test data approach” will consist of the auditor processing data with the client’s computer by creating fake transactions which are used to test program control procedures. Each control will be tested once.
What is the embedded audit module approach?
This is a form of CAAT testing, which is when the audit team audits through the computer. The “Embedded audit module approach” is an approach that will assist auditors with audit calculations by enabling continuous monitoring in the audit environment. A known weakness to the embedded audit approach is that it requires implementation in a...
