Technology opens up your organization to large amounts of data. As this information grows exponentially, searching for anomalies can feel daunting and providing an efficient audit can feel impossible. Leveraging data analytics not only accelerates analysis but allows you to fully harness the knowledge hidden within the data – quickly and effectively. Data analytics drive the success of your firm by allowing you to utilize:
Audits have become more frequent, and you feel pressure to deliver a deeper analysis in less time. Overcome these hurdles with data analytics. Our solutions allow you to provide valuable insights into your client’s systems and controls, increase the rigour of audit procedures, and ultimately, drive the quality of your assurance engagement. Data analytics enhances the financial statement audit by giving you the ability to:
Unnecessary complex issues arise due to the variety and large volume of tax data. Structured and unstructured data, internal and external data, and data from many sources stand in the way of an efficient tax audit. With our solution, you can examine disparate sources of data as if they were one and examine 100% of the transactions. Tapping into historical data turns your tax team from operations into forward-thinking strategic advisors. Boost your tax function by using analytics to:
Most cases of fraud go unreported even though the CFE estimates that 5% of an organization’s annual revenue is lost to illegal activity. Rising amounts of transactions put pressure on your team to heighten vigilance. To meet this demand, we provide a variety of tools and tests so you can find critical issues, locate trends and generate detailed reports. Tackle fraud, on time and budget by using data analytics to:
Import information seamlessly and easily from almost any data source, in almost any format.
Protect source data integrity with read-only access to all imported datasets.
Use over 100 audit functions for a robust analysis, including ageing, duplication detection and Benford’s Law.
Apply a risk-based sample model using systematic, random or monetary unit techniques, and prioritise areas with elevated risks.
Execute a full suite of analytical tests for Financial audits with the SmartAnalyzer FinApp.
Pinpoint patterns, trends and outliers visually based on the outcomes of tests to focus audit efforts.
Follow a clear built-in audit trail that allows for repeatable analysis and audit evidence.
Incorporate advanced analytics in the analysis process with Python scripting support.
The trusted tool for external audit data analysis and analytics.