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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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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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UK Consumers Won't Tolerate Financial Crime At Their Bank

FICO

56 percent of UK respondents said they would switch banks if theirs was reported to be involved in such a scandal. You can read more about all the UK survey results in our Digital Consumer Banking and Fraud Survey – UK Results Ebook . This raises the stakes for banks and means that powerful controls are more crucial than ever.

eBook 52
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Corporate Finance’s Interest In AI Doesn’t Lead To Adoption: Oracle

PYMNTS

Last year was the year of artificial intelligence (AI), declared Brighterion CEO Dr. Akli Adjaoute for PYMNTS’ 2018 year-end eBook. The technology is proliferating financial markets, particularly for some of the world’s largest financial institutions in need of enhanced compliance solutions.

eBook 192
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Be advised: helping financial services adapt to hybrid work

Cisco

Vyopta is a Cisco Solutions Partner that specializes in monitoring, reporting, and analytics in order to increase user adoption and improve ROI for your Cisco investments and collaborations spaces. This week’s blog comes to us from Marc Haimsohn , Senior Director of Business Development at Vyopta.

Meeting 174
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The AI Method To Fighting Fleet Card Fraud

PYMNTS

In addition to stolen credentials and skimmed cards at the fuel point-of-sale, employees are often able to overspend with their commercial fleet card products, or file fraudulent expense reports. The eBook highlights the importance of customer education in identifying and preventing these scenarios.

Fraud 153