Framework for implementing CAATTs for the Kenya

Abstract

On average, auditors spend 50% of their time documenting and reviewing working papers and preparing their reports'. In the absence of computerized audit management tools, efficiency is compromised and advantages gained from using these tools are not realized. The objective of this project was to come up with a generic framework that can be used to implement Computer Aided Audit Tools and Techniques (CAATTs) with an aim of reducing the time spent in analyzing, strategizing, planning, documenting, concluding, reporting and reviewing an audit and hence increasing productivity. The literature review has detailed the need of CAATTs and types of available CAATTs. The project utilized questionnaires and research survey. The project analysis has divided framework into the following areas, initiation strategy, planning, CAATTs acquisition and implementation, change management, data identification planning and acquisition, delivery and support. The conclusion of this project has summarized the need of having CAATTs in the Kenya National Audit Office (KENAO).