Improve the overall quality of the audit
The analysis results focus on areas of higher risk, so that you can target your audit effort on areas of importance. This means you can provide your client with a faster, more thorough audit.
Easy to use and learn analysis tool for every engagement
Testing is automated and part of the audit workflow. This allows you to integrate insightful analysis for every audit engagement, with minimal staff training and effort.
AI reduces time spent on transaction analysis
Artificial Intelligence (AI) built into the product significantly reduces the time spent on transactional analysis. Visual, often graphical results are produced almost instantly, with a clear distinction of risk category.
Product Launch Webinar
We recently celebrated our launch of the CaseWare AnalyticsAI product in Australia. Our Product Manager, Pauline Laidlaw explained & demonstrated the product and outlined the key features in a webinar which you can watch by clicking on the link below. Length of recording: approx 55 min.
Simple import & data mapping
Import trial balance and transactions data from multiple accounting packages and get it automatically tagged to the source.
Data validation and completeness
Safely rely on accuracy and completeness of data uploaded through automatic data reconciliation, control totals and data profiles.
Based on characteristics of the entity being audited, tailor your analysis by selecting accounts to be emphasized as ‘influencers’.
Leverage Artificial Intelligence and Machine Learning techniques to perform over a dozen tests on the whole transaction set automatically.
Compare transactions across multiple dimensions, including account type, time, date and rank transactions by relative risk within any data set.
Generate configuration reports that allow having more meaningful audit analysis with documented understandable evidence.
If you’re interested, contact your account manager, or email firstname.lastname@example.org or phone (03) 9660 4660
Want to understand how utilising data analytics can assist your audits and why you need to start including data analysis within your audit practice?
Request one of CaseWare’s international publications “Leveraging Data In the External Audit: A Primer” by completing the form on the right of this page.
In this special ebook you’ll find out how why the ability to analyse data within an audit is becoming key now and will become a requirement within the foreseeable future, as this primer covers these topics:
- Audit implications
- Big Data and analytics
- Greater insight/value beyond the audit
- Auditor competitive advantage
- Obstacles to transformation
- Is automation a job killer?
- A case study in inefficient, manual procedures
- Managing a successful transition
Original whitepaper PDF copy sourced with permission from www.caseware.com