Exam (elaborations)
CISA Domain 1_ Data Analytics & CAAT (1
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- CISA - Chapter 1
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- CISA - Chapter 1
CISA Domain 1_ Data Analytics & CAAT (1
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CISA Domain 1: Data Analytics & CAATWhat is the purpose of data analytics? - ANS-1. Determine effectiveness of existing controls.
2. Identify process lapses and are of improvements.
3. Identify exceptions or deviations
4. Identify area of Fraud
5. To evaluate data quality and identify areas with poor data quality.
6. Assesses risk and to plan audit activities
7. Can be effective for an IS auditor in both the planning and field work phases of the audit.
What is the process of data analytics? - ANS-1. Determine the objectives and scope of
analytics.
2. Requirement gathering and obtaining the data
3. Determine the sufficiency and reliability of the data.
4. Execute the test by running scripts/performing analytic tests.
5. Results/Conclusions of the tests to be documented.
6. Review of the results/conclusion by a qualified person.
7. Retain the results such as a scripts, files, macro programs and data files.
Computer-Assisted Audit Techniques (CAATs) - ANS-1. CAATs helps the auditor to capture and
analyze the data during an audit.
2. This kind of software is very useful in case of a complex environment or process.
3. CAATs also ensures the independence of auditors while capturing the relevant data.
4. CAATs provides reliability for the source of information and thus reassurance on audit
findings. 5. Some examples of CAAT are Generalized Audit Software (GAS), utility software,
debugging and scanning software, test data, application software tracing and mapping, and
expert systems.
6. CAATs helps in the effective and efficient detection of exceptions or irregularities.
7. CAATs can be used for the following purpose:
8. Tests of the details of transactions and balances 9. Analytical review
10. Compliance tests of IS general and application controls
11. Penetration testing & application security testing
Precaution while using CAATs - ANS-1. To ensure the integrity of imported data by safeguarding
their authenticity, integrity, and confidentiality.
2. To obtain approval for installing the CAAT software on the auditee servers.
3. To obtain read only access when using CAAT on production data.
4. Edit/Modification should be applied to copies of production files in a controlled environment to
ensure integrity of production data.
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