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Forensic Accounting, Forensic Techniques, and Fraud Detection Copyrighted 2001 D. Larry Crumbley, ... - page 254 / 352

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© D.L. Crumbley

Computer-Assisted Audit Techniques

Parallel simulation – actual company data are processed using auditor – controlled software program. Does not contaminate data.

Test data – dummy transactions are prepared by the auditor and processed under auditor control by the client’s computer program. Simple, quick, and inexpensive.

Integrated test facility – creates a small subsystem within the regular IT system. Can create errors in clients files.

Continuous monitoring of online real time systems – use test data to test controls. Contamination can occur.

Tagging Transactions – place indicators or tags on selected transactions and trace through the system.

Source: Boynton et.al, Modern Auditing, 7th Edition., 396-398.

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