Acams Exam Advanced-CAMS-Audit Topic 4 Question 13 Discussion

Actual exam question for Acams's Advanced-CAMS-Audit exam

Question #: 13
Topic #: 4

Which is a true statement about the computer-assisted audit tool (CAAT)?

ABoth CAAT and traditional methods of auditing allow auditors to build conclusions based upon a limited sample of a population.

BKYC data that have been incorporated into the warehouse could still be changed if need be from using CAAT.

CAuditors using CAAT could have all customer addresses from the past 10 years while auditors using traditional methods of auditing could only have a sample of these customer addresses.

DCAAT cannot be customized to scrutinize huge volumes of data and produce specific procedures that could replace the requirement for the auditor's own procedures.
Capabilities of CAAT:
CAAT provides comprehensive data access, allowing auditors to review all customer data over extended periods, unlike traditional methods that rely on sampling.
Irrelevant Options:
A: Limited samples are more typical of traditional methods.
B: Data incorporated in the warehouse should not be changeable as it would undermine audit integrity.
D: CAAT can be customized for specific audit needs.

Show Suggested Answer

Suggested Answer: C

by Valda at May 03, 2025, 06:36 PM

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