Implementation of Computer Assisted Audit Techniques in Application Controls Testing

This paper examines possibilities of implementation of advanced computer assisted audit techniques into verification of efficiency and effectiveness of application controls. Application controls i.e. input, processing and output controls should ensure the completeness and accuracy of records. The main computer assisted audit techniques could be categorized as: test data, integrated test facility, parallel simulation and online audit monitor. There is a possibility of utilization of these techniques in application control testing, but their implementation must be based on cost-benefit analysis since they are time-consuming and mostly must be tailored for each audit client.