Flexible and Quick Data Analysis
Data Analysis is performed using various Analysis tools which assist the auditor check the data, compare it with the previous year's data and highlight exceptions. The auditor will also be able to carry out further investigations and fix the data if he/she has been provided the necessary rights.
Verification of Chart of Accounts: Using this feature, auditors can organise the Chart of Accounts in a presentable manner and highlight the exceptions by comparing with the previous year's Chart of Accounts. |
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Verification of Stock Items: This report will assist the auditor in checking the available Stock Items. After comparison with the previous year’s Stock Items list, attention will be drawn to exceptional items such as negative stocks, difference in balances etc.
Verification of Balances: This will assist the auditor in checking the difference in Opening Balances and Transaction details, by highlighting the exceptions.
Analytical procedures: A powerful Data Analysis tool, this will help the auditor Compare various Groups/Ledgers/Cost Category/Cost Centres or cross compare these to draw various trends. This report will also provide the variance details among the selected factors to facilitate further investigation.
Pending Documents: This report will help the auditor decide the related areas of investigations and get the necessary pending Bills and Orders closed based on the actual situation.
Statutory Payments: This report will assist the auditor in discovering if the necessary Statutory payments were made on time or not. |
