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What are analytical procedures and their benefits?

Abrigo

Analytical procedures are beginning to become more prevalent in the audit world. According to the AICPA, analytical procedures consist of reviewing financial information by studying plausible relationships between data and evaluating it for consistency. They can: • Improve the quality of the analytics. By Jackie McLaughlin, CPA.

Analytics 150
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The most useful (and rarely used) types of data analytics

Abrigo

Data analytics are gaining momentum as they are increasingly being used during the audit process. As auditors know, data analytics are required during both the beginning and the end of an audit. However, analytics can also be employed efficiently and effectively as substantive procedures. type questions. type questions.

Analytics 150
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Payments 2016: The Year of Payment Innovation Via Predictive Analytics

PYMNTS

PYMNTS consulted 21 payments executives from across the industry to share their insights on the biggest takeaways from 2016 as part of the “Payments 2016, The Year Of …” eBook. Here is the response from Joe DeCosmo, chief analytics officer of Enova International …. Download the eBook. million annually.

Analytics 110
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How to increase efficiency and minimize risk in the audit process using analytics

Abrigo

As t echnology-enabled analytics (“analytics”) have gained momentum in audit firm practice management, McLaughlin explained that “data analytics are the panacea for the challenges we face as they reduce budgeted hours and risk by efficiently guiding firms in identifying the areas at most risk for misstatement.”

Analytics 150
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Chargeback Gurus unveils chargeback analytics ebook

The Paypers

Chargeback Gurus has released Chargeback Analytics eGuide: Your Guide to Understand Customers, Prevent Chargebacks, and Increase Retention.

eBook 28
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The next step in fintech: Collaboration

Insights on Business

A new thought leadership eBook from Envestnet | Yodlee discusses the current relationship between long-established financial institutions and newer, more agile fintech organizations not only can exist together, but actually need each other to survive. Get the “Fintech Rising: Creating Synergy in Financial Services” eBook here.

eBook 79
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Technology can handle these 5 accounting tasks for you

Abrigo

Instead of being afraid of the changes that artificial intelligence and machine learning will have on accounting, accounting professionals should be excited, argued Marr, author of Data Strategy: How to Profit from a World of Big Data, Analytics and the Internet of Things and Key Performance Indicators for Dummies.