There are insights in your accounting and operational data that you can’t see in tabular or report form. Powerful, but underutilized audit superpowers are exploratory data visualizations that can give you x-ray vision and help you see the hidden stories your organization’s data is telling. This session will teach you five simple, but powerful data exploratory analytics with real Power BI and Excel use-case examples that you can begin using in your audit shop immediately.
Tag Archives: Audit & Finance
The modern business and accounting landscape requires professionals to exercise and elucidate skills and understanding across many different avenues for both internal teams and external client communications. The strategic use of data visualizations has become an indelible resource for top auditing firms to represent complex datasets quickly and effectively. Review five audit areas that benefit […]
Presented by our partner Crystallize Analytics Introduction Preparing adjusting entries often involves a lot of journal entries, staff input and tedious work. This common pain point can be avoided with the use of adjustment-only secondary ledgers in Oracle® E-Business Suite (EBS). As a more efficient processing of adjustments, adjustment ledgers reflect only adjustments without affecting […]
Modern ERP systems can contain millions if not billions of transactions and balances. Auditing that volume of data efficiently and effectively using traditional sampling and tabular methods is difficult if not impossible. Moving beyond the traditional charts and graphs have long been a tool to allow auditors to illustrate audit findings and results, exploratory data visualization techniques can allow you to gain insights and identify audit issues that spreadsheets and sampling cannot. In this webinar, you will learn three exploratory data visualizations that you can immediately incorporate into your audits.
Are spreadsheets still a part of your IFRS (International Financial Reporting Standards) reporting process? For most companies, the answer is yes – thanks in large part to the complex requirements of IFRS, spreadsheets were often put in place to bridge the gap between the reporting differences in ERP systems and IFRS during the initial conversion […]
Sometimes audit managers must find ways to bridge gaps between finance professionals with varying levels of experience to build a cohesive team. Review four imperative skills that finance and audit teams need to have to maintain success and minimize oversight and risk whether your auditors are on day 1 or day 1001. 1. Understanding Changing […]
This article takes an insightful look into the cost of a single spreadsheet that is used for financial consolidation. Many companies ignore the high cost of maintaining spreadsheets because they have already purchased Excel or another package, and there are not huge license fees. Spreadsheets are great tools for short, small projects, but care […]
Navigation in the modern world of global enterprise is often an exercise in duality. While developments in the digital world open doors to value-growth for businesses, they also increase the strain on business leaders to maintain hard-won forward momentum. According to the 2022 PwC Pulse Survey[1], 60% of surveyed C-Level executives reported ‘Digital Transformation’ to […]
Patterns exist in your accounts payable data that can indicate overpayments, duplicate payments, or other errors. This webinar will teach you five easy analytics that you can perform using Excel to identify some of these patterns.
New areas of risk and new demands in reporting and stakeholder expectations, require the expertise of a modern internal audit team that evolves year over year. Businesses are responding to this challenge by adopting automation to streamline their workflows and build value. Consider these five elements as you evaluate the integration of automation into your […]