5 Testing Methods Used During Audit ProceduresInquiryObservationExamination or Inspection of EvidenceRe-performanceComputer Assisted Audit Technique ( Testing Methods Used During How Do SOC Auditors ,
Audit Procedure: 9 Types of Testing Methods You Need to Know- Inquiry:
- Observation:
- Examination:
- Computer-Assisted Audit Technique:
- Audit Analytical Procedure:
- Inspection of Assets:
- Recalculation:
- Confirmations:
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Testing Methods- Inquiry - asking questions.
- Observation - viewing tasks and evaluated policies.
- Examination - reviewing transactional details.
- Re-performance - repeating the work.
- Computer Assisted Audit Techniques (CAAT) - testing large volumes of data using computer algorithms.
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These are the five categories of audit testing techniques:- Inquiry.
- Observing.
- Inspection or Examination of the Evidence.
- Re-performance.
- CAAT (Computer Assisted Audit Technique)
,Auditors use one or more of
five different test methods, including inquiry, observation, examination, re-performance, and computer-assisted audit techniques (CAAT), which involves testing large volumes of data using computer algorithms.,Auditors use one or more of five different test methods, including
inquiry, observation, examination, re-performance, and computer-assisted audit techniques (CAAT), which involves testing large volumes of data using computer algorithms.,Each testing method
helps the auditor issue a well-informed opinion, based on evidence.
Further, it provides the auditor with the information needed to provide qualified conclusions, whether the business is operating optimally, and managing risks properly.,There are
five testing methods with which an audit gathers information.
Computer-assisted audit techniques help to process large volumes of data as one of these methods.
The other methods are inquiry, re-performance, examination, and observation.