Techniques developed by auditors for performing compliance tests and substantive tests on computer systems for firms in which the data being audited is processed by computers and held on computer files.
An embedded audit facility is a computer-assisted audit technique that integrates audit programs and additional data into a client's computerized accounting system to enable continuous auditing.
An embedded audit facility created by auditors within a client's accounting system to continuously monitor and test internal processing functions using fictitious entities and transactions.
An Integrated Test Facility (ITF) is a method of testing system processes and controls within a real-time environment using fictitious entries to help detect errors, weaknesses, and any material misstatements.
