Abrigo
APRIL 20, 2017
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.
Abrigo
MAY 3, 2017
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.
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Abrigo
MARCH 29, 2017
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.”
Abrigo
OCTOBER 4, 2017
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.
Abrigo
SEPTEMBER 26, 2017
Don’t sweat the small stuff – automate it Technology that incorporates automation, artificial intelligence and business analytics can help accountants provide services efficiently and better utilize staff so that if they want to provide new service offerings differentiating their firms from competitors’, they will have the ability to do so.
Abrigo
SEPTEMBER 19, 2016
And firms that are considering opportunities for expansion can benefit from knowing where resources can provide the biggest returns. The Sageworks eBook, Next-Level Accountants: Your guide to growing a firm of trusted advisors , also offers strategies and inspriration for creating more value for clients and increasing profitability.
Abrigo
JUNE 14, 2017
This can save time and ensure accountability across multiple offices or teams, allowing more time and energy for applying professional judgment and analytical skills that generate unique insights about the subject company or industry.
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