What Is Generalized Audit Software?

by Jennifer VanBaren; Updated September 26, 2017

Generalized audit software (GAS) is used in many companies to perform routine audit procedures. It is software purchased as a package and each company selling it offers diversity in the software’s capabilities.

Details

GAS performs routines on files, uses various calculations and prints reports based on the information used. Standard audits are performed by analyzing sample information from a company’s records. Random information is chosen and analyzed since investigating all information is too time-consuming.

Purpose

This software allows auditors the ability to sort through large amounts of data in a rapid manner. GAS can scan and test all data within a computer system, allowing for a more accurate audit of the books. Instead of random sampling, 100 percent of the company’s data is examined.

Functions

GAS software is designed to examine financial information for quality, completeness, correctness and consistency. It verifies all calculations, compares data and prints audit samples.

Disadvantages

GAS software is costly to purchase. Many users feel it is difficult to learn as well. GAS software, over the years, has become easier to use than the packages offered years ago.

About the Author

Jennifer VanBaren started her professional online writing career in 2010. She taught college-level accounting, math and business classes for five years. Her writing highlights include publishing articles about music, business, gardening and home organization. She holds a Bachelor of Science in accounting and finance from St. Joseph's College in Rensselaer, Ind.

Photo Credits

  • Jupiterimages/Photos.com/Getty Images
bibliography-icon icon for annotation tool Cite this Article