U.S. Independence Day Deal! Unlock 25% OFF Today – Limited-Time Offer - Ends In 00:00:00 Coupon code: SAVE25
Welcome to Pass4Success

- Free Preparation Discussions
Mail Us support@pass4success.com
Location US
Mob_nav_barsMENU

Acams Advanced-CAMS-Audit Exam - Topic 4 Question 13 Discussion

Which is a true statement about the computer-assisted audit tool (CAAT)?
C) Auditors 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.
A) Both CAAT and traditional methods of auditing allow auditors to build conclusions based upon a limited sample of a population.
B) KYC data that have been incorporated into the warehouse could still be changed if need be from using CAAT.
D) CAAT 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.

Acams Advanced-CAMS-Audit Exam - Topic 4 Question 13 Discussion

Actual exam question for Acams's Advanced-CAMS-Audit exam
Question #: 13
Topic #: 4
[All Advanced-CAMS-Audit Questions]

Which is a true statement about the computer-assisted audit tool (CAAT)?

Show Suggested Answer Hide Answer
Suggested Answer: C

by Valda at May 03, 2025, 06:36 PM

Limited Time Offer

25%

Off

Get Premium Advanced-CAMS-Audit Questions as Interactive Web-Based Practice Test or PDF

Contribute your Thoughts:

0/2000 characters
Submit Cancel
Paulina
6 months ago
Wait, can CAAT really replace auditor procedures? Sounds too good to be true.
upvoted 0 times
...
Shalon
6 months ago
Totally agree, traditional methods are way more limited.
upvoted 0 times
...
Lemuel
6 months ago
CAAT lets you access all customer data, not just samples.
upvoted 0 times
...
Krissy
6 months ago
KYC data should be locked down, changing it would mess up the audit!
upvoted 0 times
...
Elizabeth
7 months ago
Option D is definitely wrong; CAAT can be customized.
upvoted 0 times
...
Albina
7 months ago
I’m a bit confused about B; I thought KYC data should remain unchanged for audit integrity, but I’m not completely certain.
upvoted 0 times
...
Tomoko
7 months ago
I practiced a question similar to this, and I feel like D is definitely wrong because CAAT can be customized.
upvoted 0 times
...
Youlanda
7 months ago
I'm not entirely sure, but I think A is misleading since traditional methods usually rely on sampling.
upvoted 0 times
...
Ashton
7 months ago
I remember that CAAT allows for more comprehensive data analysis, so I think C might be correct.
upvoted 0 times
...
Jaime
8 months ago
This question is testing our understanding of CAAT's capabilities. I need to carefully compare the options and make sure I select the one that best describes how CAAT differs from traditional methods.
upvoted 0 times
...
Shenika
8 months ago
I'm pretty confident I know the answer here. CAAT allows auditors to analyze comprehensive data sets, unlike the limited samples used in traditional auditing. I'll select that option and move on.
upvoted 0 times
...
Denae
8 months ago
Option C looks promising - the ability to access all customer data over a longer period could be a major advantage of CAAT. I'll focus on understanding how that compares to the sample-based approach of traditional methods.
upvoted 0 times
...
Youlanda
8 months ago
Hmm, I'm a bit confused about the differences between CAAT and traditional auditing. I'll need to review my notes on the strengths and limitations of each approach.
upvoted 0 times
...
Yvonne
8 months ago
This question seems straightforward. I think the key is understanding the capabilities of CAAT compared to traditional auditing methods.
upvoted 0 times
...
Cathrine
1 year ago
Option A is just wrong - CAAT is all about looking at the full population, not limited samples.
upvoted 0 times
Lucy
11 months ago
Option A is misleading, CAAT is all about analyzing the full population of data.
upvoted 0 times
...
Chantell
11 months ago
That's right, CAAT provides comprehensive data access unlike traditional methods that rely on sampling.
upvoted 0 times
...
Viva
1 year ago
I agree, option A is definitely incorrect. CAAT allows auditors to review all customer data over extended periods.
upvoted 0 times
...
...
Robt
1 year ago
Haha, good thing the data in the warehouse can't be changed easily. Wouldn't want any funny business going on!
upvoted 0 times
Berry
11 months ago
Definitely, having all customer data over extended periods can provide valuable insights for audits.
upvoted 0 times
...
Tesha
11 months ago
CAAT sounds really useful for auditors to have access to comprehensive data.
upvoted 0 times
...
Pok
12 months ago
I agree, it's important to have accurate and reliable data for auditing purposes.
upvoted 0 times
...
Stephanie
12 months ago
True, the integrity of the data is crucial for auditing.
upvoted 0 times
...
...
Emelda
1 year ago
That's true, but CAAT goes beyond sampling by providing access to all customer data over extended periods.
upvoted 0 times
...
Belen
1 year ago
I agree, C is the correct answer. CAAT allows auditors to review all customer data, not just samples.
upvoted 0 times
...
Aretha
1 year ago
CAAT definitely gives auditors more comprehensive data access compared to traditional methods. Option C seems the most accurate to me.
upvoted 0 times
Alida
12 months ago
Having access to comprehensive data definitely gives auditors a better understanding of the population being audited.
upvoted 0 times
...
Pura
12 months ago
Yes, with CAAT, auditors can review all customer data over extended periods, unlike traditional methods that rely on sampling.
upvoted 0 times
...
Veronika
1 year ago
I agree, CAAT allows auditors to have all customer addresses from the past 10 years, which is a huge advantage.
upvoted 0 times
...
...
Terrilyn
1 year ago
But what about option A? Both CAAT and traditional methods allow auditors to build conclusions based on limited samples.
upvoted 0 times
...
Elfrieda
1 year ago
I agree with Emelda, CAAT provides comprehensive data access.
upvoted 0 times
...
Emelda
1 year ago
I think the true statement is C.
upvoted 0 times
...

Save Cancel