Section 3: 30–40%A13
Information Technology and CAATs
Exam Insight
Modern audits heavily rely on IT systems for financial reporting. The CPA exam tests whether candidates understand IT general controls, application controls, and how computer-assisted audit techniques can enhance audit efficiency and effectiveness.
What AICPA Wants You to Know
- 1Distinguish between IT general controls and application controls
- 2Identify common IT risks and their impact on the audit
- 3Understand computer-assisted audit techniques (CAATs)
- 4Explain the impact of IT on internal control and audit strategy
- 5Recognize IT governance and security concepts relevant to auditing