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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Cathrine

2 months ago

Option A is just wrong - CAAT is all about looking at the full population, not limited samples.

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Lucy

22 days ago

Option A is misleading, CAAT is all about analyzing the full population of data.

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Chantell

26 days ago

That's right, CAAT provides comprehensive data access unlike traditional methods that rely on sampling.

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Viva

2 months ago

I agree, option A is definitely incorrect. CAAT allows auditors to review all customer data over extended periods.

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Robt

3 months ago

Haha, good thing the data in the warehouse can't be changed easily. Wouldn't want any funny business going on!

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Berry

29 days ago

Definitely, having all customer data over extended periods can provide valuable insights for audits.

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Tesha

1 months ago

CAAT sounds really useful for auditors to have access to comprehensive data.

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Pok

1 months ago

I agree, it's important to have accurate and reliable data for auditing purposes.

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Stephanie

2 months ago

True, the integrity of the data is crucial for auditing.

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Emelda

3 months ago

That's true, but CAAT goes beyond sampling by providing access to all customer data over extended periods.

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Belen

3 months ago

I agree, C is the correct answer. CAAT allows auditors to review all customer data, not just samples.

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Aretha

3 months ago

CAAT definitely gives auditors more comprehensive data access compared to traditional methods. Option C seems the most accurate to me.

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Alida

1 months ago

Having access to comprehensive data definitely gives auditors a better understanding of the population being audited.

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Pura

1 months ago

Yes, with CAAT, auditors can review all customer data over extended periods, unlike traditional methods that rely on sampling.

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Veronika

2 months ago

I agree, CAAT allows auditors to have all customer addresses from the past 10 years, which is a huge advantage.

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Terrilyn

3 months ago

But what about option A? Both CAAT and traditional methods allow auditors to build conclusions based on limited samples.

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Elfrieda

3 months ago

I agree with Emelda, CAAT provides comprehensive data access.

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Emelda

3 months ago

I think the true statement is C.

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