ELI5: Explain Like I'm 5

Generalized audit software

Okay kiddo, let me tell you about something called "generalized audit software".

You know how sometimes adults need to check their work to make sure everything is done correctly? Well, sometimes they use something called "software" to help them with this.

"Generalized audit software" is a kind of software that helps adults who work in accounting and finance to check different kinds of data. It can go through all sorts of information, like numbers, words, and dates, and make sure everything looks good.

It's kind of like a superhero for accountants, because it can do things really fast that would otherwise take a long time to check by hand. For example, if an accountant needed to check all the payments made by a company in a year, the audit software could do it in just a few clicks.

So, in summary, generalized audit software helps adults who work in finance to quickly and easily check data to make sure everything is correct. It's like having a superhero sidekick to help with accounting work!