Faster and More Complete Financial Audits – Understanding the Data Capture Process
While the rise of big data has enabled companies to optimize business processes and strengthen strategic decision-making, the volume and complexity of data available to auditors can quickly become overwhelming. Audit teams begin by looking at accounting entries and financial statements to identify discrepancies, anomalies, and areas of risk for further review. Based on those […]
The 5 Benefits of Holistic Financial Data Management for Auditors
The traditional approach to collecting and managing corporate financial data for auditors has reached its limit. The overwhelming volume of data, tight audit timelines, and a growing regulatory and media focus on fraud have combined to significantly impact the quality and completeness of the audit. Faced with these challenges, financial auditors are finding it necessary […]
