TMI BlogAudit - Computer Assisted Audit Programme - GuidelinesX X X X Extracts X X X X X X X X Extracts X X X X ..... n set up in the Head Quarters of this Commissionerate for the purpose of conduct of audit in respect of those assessees who use computers to record their business transactions/activities and keep such data in electronic form. The following information is provided to the Trade for creating awareness and facilitating working of CAAP. (i) The Departmental Audit under CAAP will involve examination ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... followed in the Computer Assisted Audit is that Computer Assisted Audit starts with a meeting between the CAAP Auditor and assessee's accounting/systems staff. During the meeting, the CAAP Auditor will request for several kinds of information to determine the feasibility of a Computer Assisted Audit. The questions are part of a Computer Assisted Audit feasibility survey and include informatio ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... nd should be readable by departmental computers. The assessee can make a second copy of the same records provided to the CAAP Auditors. (v) The auditor would next copy these records to a secure departmental computer and analyze/verify them using a combination of commercial and custom software. The assessee's data is not altered during the examination. Rather the auditor reviews these, valid ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ords. (vii) In short, Computer Assisted Audit works by analyzing a copy of assessee's electronically stored records that are provided to the CAAP auditor on a disk of Compact Disk (CD). The original records of the assessee are not touched or altered in any ways. The assessee's original records are not altered in any manner during the Computer Assisted Audit process. In fact, the comm ..... X X X X Extracts X X X X X X X X Extracts X X X X
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