CAAT stands for Computer-Assisted Audit Techniques. These are tools and techniques that auditors use to analyze and evaluate electronic data relating to the subject matter of an audit. CAATs are used to improve the effectiveness and efficiency of audit procedures by enabling auditors to examine large volumes of data quickly, identify unusual patterns or anomalies, and perform various audit tests automatically. Common CAATs include data extraction tools, data analysis software (like ACL or IDEA), and specialized audit software.
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