Generalized audit software

Generalized audit software (GAS) refers to software designed to read, process and write data with the help of functions performing specific audit routines and with self-made macros. It is a tool in applying Computer Assisted Auditing Techniques. Functions of generalized audit software include importing computerized data; thereafter other functions can be applied: the data can be e.g. browsed, sorted, summarized, stratified, analyzed, taken samples from, and made calculations, conversions and other operations with. Two of the most popular software packages are Audit Control Language(ACL) and Interactive Data Extraction and Analysis (IDEA).

The era is moving forward toward more digitized form of auditing i.e. moving onto cloud system and automated software. The need of keeping in compliance with the rules and regulations has made the manufacturers think over what else can be enhanced in audit management software, for example, enabling a module for automated compliance and regulation management along with identification of potential risks.