Problem
1. What are CAATs and techniques?
2. What role do CAATs play in performing the audit work?
3. What are audit query and analysis tools? List and explain two such tools.
4. What is transaction tagging? What is snapshot? How are these techniques used in application audits?
5. What are the critical areas that management needs to consider when introducing new technologies into the audit process? What are some of the typical phases an organization goes through?