1. By : Dhruv Seth
ds@sethspro.com

2. At today’s workshop
•General Principles of CAAT
•Tools available in Excel
•Excel as a CAAT

3. Myths with CAAT
Limited knowledge of
computers, software, etc.
My accounts are perfect since
they are computerized

4. Introduction - CAAT
What are
CAAT ?
C - Computer
A - Assisted
A - Auditing
T - Techniques

5. Why CAAT
Volume ofTransactions
AuditTrail
Automated Audit Sample
Identifying suspicious
payments

6. Technique - CAAT
AUDITING AROUND COMPUTER
AUDITING THROUGH COMPUTER

7. Types of CAAT
Test DataTechniques
Generalized Audit Software
Specialized Software

8. Capabilities of CAAT
Import data from any format
Statistical Functions
Multidimensional analysis
and exceptional testing

9. Uses of CAAT
Exception Identification
Control Analysis
Error Identification

10. How to use CAAT
Identify your goals and
information required
Determine Source, review its
documentation
Get exception reports for
further hard checking

11. Precautions with CAAT
Identify correct data and
fields
Keep a tab on control totals
Ensure data is represented
correctly & completely.

13. 2007
Vs.
2003
WHY EXCEL 2007 ?
Integration
Conditional
Formatting
File Structure
Stability

14. 2010
Vs.
2007
WHY EXCEL 2010 ?
Slicer
Power Pivot
Temporary save
Printing

15. Excel Limitations
Integrity of Data
Instability with large data
Number of Line Items
No Batch processing

17. Opening
OR
Importing
PREPARING DATA
XML file
Database files
(DBF file)
ODBC Linking
FVU Files

20. Tools - Beginner
Finding numbers as text
Understanding Date format
Combining two cell data
Formula Auditing
Text to column

21. Tools - Beginner
Sorting & Mathematical
DataValidation and Circle
Invalid Data
Filtering Data
Conditional Formatting

23. Tools - Intermediate
Automated Sample Selection
Recording Macros
Advanced Conditional
Formatting
DataTools (Goal seek etc.)

24. Matching Data (V-Lookup)
Pivot Charts
Combination of tools
StatisticalTools
Tools - Intermediate

26. Benford’s Law
Sampling
Rank Percentile &
Descriptive Statistics
Summarize data
Excel as CAAT - Advanced

29. EXCEL as
compared to
other tools
such as ACL,
IDEA etc.
WHY EXCEL ?
User friendly
Highly customized
Availability
Cost

32. Petty Cash Analysis
StratificationVendor
Payments
Duplicate, Above Average
EmployeeVendor match
Accounts Payable – SomeTests

33. Terms of Payment (TAT)
Excess of Purchase orders
Vendor Master Analysis
Suspicious Payments
Accounts Payable – SomeTests

35. Unusual Customer Information
Old Pending Invoices
Invoice Date with Shipping
Date
Suspicious Invoicing
Accounts Receivable – SomeTests

36. Shipping to Invoice Quantity
Average Realizations
Ordering vis-à-vis Invoicing
Subsidiary Sales
Accounts Receivable – SomeTests

38. Bank Reconciliation
ValidatingTDS return
Salary payout to log in time
Summarize activity by user
General Ledger – SomeTests

39. Duplicate Inventory Items
Negative Inventory Items
Overtime payment analysis
Salary payout to log in time
General Ledger – SomeTests

41. Helpful tools of Excel
Learn Shortcuts
XLS start folder
Speech function
Page Layout view

42. Helpful tools of Excel
Macro Recording
Copying & Editing macro
Mail Merge with word
Add-ins

43. Helpful tools of Excel
Printing
Customizing Excel with
options
Inserting Objects

44. By : Dhruv Seth
ds@sethspro.com