CAATs and AMS

What is the 'T' in CAAT stands for?

• Techniques

• Tools

• Techniques or Tools

• Technology

What is/are Maxis IA using for most of its data analytics work during audit engagement?

• ACL

• MS Excel

• ACL and MS Excel

• Calculators

As required by the IIA Standards, auditors must be able to demonstrate usage of

• Abacus based calculations

• Random sampling techniques

• Tool based audit techniques

• Technology based audit techniques

Which is not a benefit of using CAATs?

• Comprehensive approach of testing

• Deliver more definitive results

• Filtering large volume of data

• Better random sample generator

An audit management software does not allow us to

• Perform data analytics

• Document our results in a central repository

• Track recommended actions

• Better plan our audit

Update team debriefing summary should be documented during which phase of AMS usage

• Reporting

• Audit closure

• Documenting fieldwork

• Action tracking

How is your audit work papers quality is evaluated?

• AM briefing on the audit scope

• AAM highlights on the KPI status

• QAR assessment on audit work paper

• HIA comments on audit reports

Audit test results should be documented when

• you have finished planning phase

• as the tests are being completed

• you are drafting the reports

• when AAM is doing the report card

If an internal audit function does not use ACL, the function is deemed as non-compliant with the IIA Standards

• True

• False

Maxis uses the following AMS software as its audit management system

• Pentagon Vision

• Pentana PAWS

• Pentana Vision

• Perdana Vision