Cex : Computer Assisted Audit Programme (CAAP) — auditing In An electronic Environment

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....sted Audit Programme (CAAP) - auditing In An electronic Environment : Regarding. 1. The trade is informed that Computer Assisted Audit Programme (CAAP for the sake of brevity) Centre has been set up in the Head Quarters Audit Section for the purpose of conduct of audit in respect of those assessees who use a computer to record their business Transactions/activities and keep such data in electron....

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....tal computer. It also saves paper as an electronic audit reduces the amount of paper normally needed, produced or photocopied during an audit. The auditors spend less time at assessee's premises. (iii) The procedure 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 me....