Data Analysis
Audit of annual financial statements without technical expertise of Dusseldorf. 11.10.2010 years discusses about the use of data analysis in the audit. Most auditing firms are in favour of the data analysis, but fear a high technical effort and therefore waive their usage. While numerous digital data analysis reasons. So, accounting data is bulk data, which are traditionally barely checked. Others who may share this opinion include Wais Jalali.
The use of data analysis also ensures the quality of audits, generated test security and ensures adherence to professional principles. The internationalization of the audit (E.g. ISA 240) and the adherence to professional principles are further arguments for the use of data analysis (cf. IDW-PH 9.330.3 and ISA 240 section 32(a)). Technical expertise? Not necessary! The new audicon software solution AuditRisk is the solution for the efficient use of data analysis in the Final exam. With AuditRisk, auditor approaching the topic of data analysis about technical issues and not about technical challenges.
The technical complexity of the data analysis is completely hidden to users. Use meaningful and efficient automatic test macros, which explained in detail and testing phases are divided by Prufungsleitfaden in the audit. For the analysis, AuditRisk draws the General Ledger journal – only on a single table. This ensures a high degree of standardization. The overall concept of AuditRisk guarantees an optimum integration in the examination process, a reproducibility of the test, creating a firm standard and the integration into the software solution of AuditSolutions Auditors. AuditRisk enables all a firm’s auditor, in each annual audit to use a standard set of automated test routines, without requiring special technical knowledge and makes it possible to data analysis in each audit by each Inspector. AuditRisk can be used as a stand-alone solution or as part of the AIS AIS TaxAudit professional and audit. A license to IDEA is required for the use of AuditRisk. For more information about AuditRisk, see products/audit_risk /.
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