Computer Assisted Audit Techniques (CAATs)

SPA makes use of Computer Assisted Audit Techniques (CAATs) which provide a means of viewing large amounts of data in a format that can provide transparency not attainable through other auditing procedures. The use of CAATs increase audit effectiveness, improve efficiency and decrease the audit risk.

With the use of a specialised software tool, our team can provide organisations with a unique and powerful combination of data access, analysis and integrated reporting. Using the specialised software tool our experts can read and compare enterprise data, flat or relational databases, spreadsheets, report files, on PCs or servers, allowing the source data to remain intact for complete data quality and integrity.

The services include a full range of analytical tests from simple classifications to complex tests and can:

• Analyse data more quickly and efficiently
• Rapidly analyse transactional data in files of any size to ensure 100 percent coverage (can be used to test / re - perform system interface input or data comparison)
• Produce easy-to-understand reports
• Identify trends, pinpoint exceptions, and highlight potential areas of concern
• Locate errors and potential fraud by comparing and analysing files according to the end-user criteria
• Identify control issues and ensure compliance with International Standards on Auditing.