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Another key differentiator is the tool’s ability to test entire datasets at once.
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With AnalyticsAI, auditors receive results back into their audit workflow, quickly and easily, enabling them to complete more thorough audits in less time and offer value-added services to their clients based on the results. The most rewarding part of this initiative to drive transformation will occur when firms look back and wonder how they used to work any other way.”
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“Data is the driver of everything we do, so it’s an exciting time for us in that we’re shaping the future of analytics in the audit industry. “We’re on the ground, working with different partners, networks, and associations to ensure the audit industry is keeping pace with the future,” said Ross Hampton, CaseWare International Head of Business Development for the Americas. Integration of analytics right into the engagement also ensures compliance with standards set out by various governing bodies in the audit industry. “We’ve designed AnalyticsAI so anyone on the audit team can use it to easily spot exceptions in client data that warrant further investigation and indicate areas of higher risk,” Dodds added.ĪnalyticsAI is unique in the industry because of its ability to drive results directly into any working papers solution, meaning auditors don’t need to leave an engagement workflow to perform analytics as a separate function. “We’re bringing this groundbreaking technology to market to address a new reality: conventional auditing processes simply cannot keep pace with the volume of data generated in today’s digital business environment,” said Matt Dodds, CaseWare IDEA General Manager, emphasizing that until now, similar advanced analytical capabilities were only available to data specialists.