Generalized Audit Software (GAS)
Generalized Audit Software (GAS) is one of the families of Software that is frequently utilized in Computer-Assisted Auditing. It is an off-the-shelf package that can provide a method to gain access to and interrogate data maintained on computer storage media. It is one of the tools IT Auditors utilize to acquire evidence directly on the quality of the records produced and maintained by application systems. There are many GAS packages obtainable in today’s market. However, their quality and varied do vary. It is recommended that you probe several packages and talk with other users before purchasing one.
GAS consists of a series of computer program routines that can read computer files, select desired information, perform repetitive calculations, and print reports in an Auditor-stated format. Generalized Audit Software enables Auditors to have direct access to computerized records and to deal effectively with large quantities of data. Since GAS can quickly examine, test, and summarize all the data in a computer file, many procedures that ordinarily would be performed on a sample basis can be extended to the complete population. In addition, the use of GAS typically leads to a better understanding of automated systems and computer-based operations. It can make auditing more interesting and challenging and is an excellent way of introducing Auditors to evidence collection course of action and electronic data file integrity checking within an IT ecosystem.
Generalized Audit Software can accomplish the following audit responsibilities:
1. Examine records for quality, completeness, consistency, and correctness (review bank need place files for unusually large deposits and withdrawals)
2. Verify calculations and make computations (re-compute interest, Bank COT, etc. and verify payroll Net pay, Deductions, etc.)
3. Compare data on separate files (compare current and prior-period inventory files for out of use and slow-moving items)
4. Select and print audit samples (accounts receivable confirmations, customer refunds over a certain amount).
5. Summarize and re-ordern data (re-ordern inventory items by location to ease physical observations).
6. Compare data obtained by other audit procedures with company records (compare creditor statements with accounts payable files).
Some progressive GAS can include a wide variety of audit roles. They permit already novice-Auditors to perform specialized jobs. except the wide range of audit roles and the ease of use, the progressive GAS are now able to access, analyze and report on a range of different files saved in heterogeneous hardware and software platforms which are distributed by either an enterprise Intranet facilities or other method, including the global computer networks. Two shared names in these features are ACL and IDEA.
GAS provides the definite advantage over traditional programming languages of being comparatively easy to learn and use. Most GAS systems require only about one week of training, and proficiency may be attained after several weeks of use. Furthermore, GAS specification coding, typically requires a fraction of the coding entries needed for traditional programming languages. This permits faster coding and reduces the likelihood of errors.