Audit software
Audit software performs or assists audit procedures such as recalculation, data extraction or testing of records. The auditor considers the software’s suitability, data inputs, controls and whether outputs are interpreted correctly.
Worked example
A program recalculates interest on a population of loans using agreed rates and dates.
Common mistake
A tool’s output is not automatically reliable merely because the calculation was automated.
Where it appears in your exams
| Qualification | Exam | Relationship | Period |
|---|---|---|---|
| ACCA | AA | Direct | September 2026–June 2027 |
| ACCA | AAA (INT) | Direct | September 2026–June 2027 |