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.
1.) Shipping qty is less than invoice qty. (Invoice & Shipping file).
Pivot of both tables in a new sheet.
First Column of pivot Invoice number and second of sum of Invoice Qty.
Vlookup the quantity between the two pivots
2.) For one transaction in the year the sale price is exorbitant or one order with huge quantity. (Invoice & Shipping file).
Add pivot to show material column
Then Avg price of Per piece,
Then Max of per Piece,
Min of Per Piece.
3.) Last days ordering necessarily does not mean it would result in invoicing. (No Practical)
4.) Check shipping details for subsidiary address. (No Practical)
1.) General Ledger File - VLOOKUP(C1,$A$1:$B$5,2,FALSE)=D1
2.) Validating the TDS return.
3.) No Practical.
4.) Summarize vendor creation by user who created. (Accounts Payable file).
1.) Duplicate inventory to hide inventory larceny
2.) Wrong Item booked or fraudulently written off to conceal missing items.
3.) To check if purposely a particular employee does work overtime in order to use office premises for personal usage or for fraudulent activities.
4.) To authenticate correct salary payments.