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© 2008 Prentice Hall Business Publishing     Accounting Information Systems, 11/e    Romney/Steinbart

88 of 151

OBJECTIVE 4: COMPUTER PROCESSING

Concurrent audit techniques

Millions of dollars of transactions can be processed in an online system without leaving a satisfactory audit trail.

In such cases, evidence gathered after data processing is insufficient for audit purposes.

Also, because many online systems process transactions continuously, it is difficult or impossible to stop the system to perform audit tests.

Consequently, auditors use concurrent audit techniques to continually monitor the system and collect audit evidence while live data are processed during regular operating hours.

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