“Automated Auditing”  Please respond to the following:

• CAATTs can be helpful when dealing with immense amounts of data. However, developing a CAATT system can be time consuming. Argue for or against the use of CAATT systems.
• Identify the key elements of building an effective CAATT system. Elaborate on two (2) challenges faced when designing an effective CAATT system, and suggest possible solutions to these problems.