Data-as-a-Deliverable – The Opportunities for Audit Firms and Their Clients
Data review is a necessary evil in audit and accounting. All the entries need to match the supporting business process documentation, but modern business processes can be complex, and today’s processes create volumes of data that can be hard to manually review during an audit. And without a way to review all that data, audit […]
Developing a Data Strategy – Why Audit Firms Need a Comprehensive Approach to Data
Developing a data strategy is a must for audit firms. Data is at the forefront of the audit. Auditors rely on both structured financial data and unstructured business process data when assessing risk, confirming transactions, and identifying discrepancies. When used effectively, data empowers auditors to be more productive. It enables them to spend less time […]
