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Analytical Procedures in Tally.ERP 9 - Auditors' Edition assists Auditors to perform 3-Dimensional micro-analysis of clients' data and arrive at a firm opinion on the financial statement's consistency.
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Examples of accounts that may be analysed in Tally.ERP 9 - Auditors' Edition :
• Interest expense against interest bearing obligations
• Sales discounts and commissions against sales volume
• Analysis of Sales group with components of sales ledgers vis-a-vis, purchases,
Direct & Indirect Expenses
• Analysis of Project tracking through Cost Centre
Highlights :
• Scope for comparing current year’s data with the previous year's
• Variance Analysis
• Multiple Comparison with Groups, Ledgers and Cost Centres
Benefits :
• Unusual/unexpected relationships that are identified may bring out possibilities of material
misstatement, especially risks due to discrepancies
• Usage of this report to decide further audit scope coverage
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