How Analytics Software Can Supercharge Your Audits
We explore the move towards the ‘data-driven audit’ and how data analytics, artificial intelligence and machine learning can come together to automate traditionally manual, labour-intensive tasks.
Synopsis
Weak internal controls are a catalyst for fraud, and although there is no single industry-accepted test, we can be sure that manual random sampling techniques are rarely as random as they should be.
In this eBook, we explore the move towards the ‘data-driven audit’ and how data analytics, artificial intelligence and machine learning can come together to automate traditionally manual, labour-intensive tasks.
The pandemic created huge obstacles for audit firms and the businesses they serve, but that turmoil encouraged auditors to adopt cloud technology. Fast-developing online audit tools are helping auditors meet the challenges of remote working and, in turn, opening the door to new ways of working. This paper takes you through a typical modern audit to illustrate the issues that accounting professionals encounter when undertaking this work.
In this eBook, we outline the top ways bringing financial reporting software into your business can help you improve the overall view of your financial position, ensure you are satisfying the needs and demands of stakeholders and even help in your recruitment efforts.
Group consolidation is one of the most technically difficult areas for accountants. This eBook will highlight how using software can improve your consolidation processes.
With the pace of business moving faster than ever and client expectations at an all-time high, accounting practices are under pressure to find new operational efficiencies.
Choosing the right accounting software is imperative. In our eBook, we layout the key elements you need to consider when choosing an accounting software provider.
