Auditors use electronic software programs such as ACL and Teammate software to help them conduct testing of the client’s data and documentation. In addition, auditors use electronic software such as Idea to help them perform sampling of the client’s data.
Research two Audit Software programs:
Select (1) either ACL or IDEA and (2) Teammate.
In a report, 2-3 pages single-spaced, describe the purpose of the audit software and describe its capabilities. Provide at least two examples of how companies have used the software as it relates to audit capacity. Discuss the benefits of using the software. Discuss disadvantages from using the software if any. Finally, discuss in detail how you would use the software in the context of the SEC Company that you selected.
All reports are to be single-spaced using the 12-point font size. Sources for the report are not included in the minimum number of pages neither is the cover page if you choose to prepare one.