What is RAT-STATS used for by an auditor?

RAT-STATS is specifically designed as a statistical software tool utilized by auditors to perform statistical random sampling and to evaluate results effectively. This capability allows auditors to analyze a subset of data that represents the whole, which is essential in determining patterns, discrepancies, or compliance levels without the need to examine every single record. By generating statistically valid samples, RAT-STATS enhances the efficiency of audits and increases the reliability of the findings, as it uses statistical methodologies to ensure that the samples drawn are representative of the larger population.

This focus on statistical evaluation distinguishes RAT-STATS from the other options listed. Unlike qualitative reports or financial forecasts which may involve more subjective measures or projections based on trends, RAT-STATS is grounded in quantitative analysis. Additionally, while patient satisfaction surveys are important for healthcare quality assessment, they typically do not fall under the primary usage of RAT-STATS, which is centered on statistical sampling and analysis rather than direct survey analysis.