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QUESTION 3 (6 MARKS, 11 MINUTES) Your firm has recently been appointed as the auditors of SaveMoneyBank, a new commercial bank in Namibia. This bank

image text in transcribed QUESTION 3 (6 MARKS, 11 MINUTES) Your firm has recently been appointed as the auditors of SaveMoneyBank, a new commercial bank in Namibia. This bank however has presence in other SADC countries. The manager on your engagement has asked you to do some research on CAAT's as this may reduce the audit work on the engagement. Briefly discuss the factors that will influence your firm's decision to use CAATS YOU ARE REQUIRED TO: Briefly discuss six (6) factors that will influence your firm's decision to use CAAT's. (6 marks)

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