Generalized Audit Software (GAS) is one of the software families that are often used in computer-aided auditing. This is an "off-the-shelf" package that provides access to and retrieve information stored on a computer data carrier. This is one tool that IT auditors apply directly to the quality of documents produced and maintained by application systems. There are many GAS packages in today's market. However, their quality and diversity vary. It is recommended that you test several packages and talk to other users before purchasing one.
GAS includes a number of computer programs that can read computer files, select the information you want, and perform repeating calculations in a specific format. The generalized audit software allows auditors to provide direct access to computer records and effectively handle large amounts of data. Because GAS can quickly scan, test, and summarize all the data in a computer file, many of the procedures that are typically performed on a sample can be extended to the entire population. In addition, the use of GAS typically leads to a better understanding of automated systems and computer operations. Auditing is more interesting and challenging and is an excellent way to introduce auditors to the evidence collection process and to check electronic data file integrity in an IT environment.
Generalized Audit Software performs the following audit tasks:
1. Examination of Quality, Completeness, Consistency and Correctness Protocols (An Overview of Bank Time Deposits for Unusually Large Deposits and Revenues)
2. Check the calculations and make calculations (re-calculate interest rates, Bank COT, etc., and check payroll for net payments, deductions, etc.)
3. Compare data for separate files (compare current and previous set of obsolete and slow moving items)
4. Select and print the control samples (customer acknowledgments, customer rebates above a certain amount).
Synchronizes and re-sequencing data (locally recovering inventory items to facilitate physical observations)
6. Comparing data obtained from other audit procedures with company records (compare creditor accounts with payable invoices)
Some advanced GASs can include many audit functions. They also allow the novice auditor to have a professional job. In addition to a wide range of audit features and ease of use, advanced GAS is now able to access, analyze and report various files stored on heterogeneous hardware and software platforms that are provided by an enterprise intranet or other, including global computer networks. Two typical names are ACL and IDEA.
GAS has several advantages over traditional programming languages, as it is relatively easy to learn and use. Most GAS systems require only about one week of training and the qualification is available after several weeks of use. In addition, encoding the GAS specification generally requires a fragment of encoding entries required for traditional programming languages. This allows for faster encoding and reduces the probability of errors