Audit Sight, the makers of an assurance solution built by auditors for auditors, has released its Audit & Review Analytics Module, a powerful new tool designed to streamline financial analysis for all audit and review engagements.
The module empowers audit professionals with deep insights into client performance through automated trend analysis on financial statement balances, drill-down anomaly detection, customer and vendor concentration analysis, and key ratio calculations. Unlike traditional manual methods, the module works seamlessly across any client, industry, general ledger, or ERP system, standardizing analysis and delivering results in seconds.
“Audit and review teams spend countless hours building manual spreadsheets as part of their analytic testing procedures, chasing anomalies, calculating ratios, and piecing together concentration risks,” said T.C. Whittaker, Co-Founder & CEO of Audit Sight. “With this new module, we’ve automated those processes so firms can focus less on wrangling data, calculating ratios, identifying anomalies and spend more time on delivering insight and assurance their clients can trust.”
The Audit & Review Analytics Module represents another step forward in Audit Sight’s mission to modernize the audit process by reducing manual work, strengthening audit evidence, and enabling professionals to provide higher-value services.
Key benefits of the new module include:
- Universal compatibility – Powered by our AI data healing efforts we support any general ledger in any client no matter how big or how small.
- Disaggregated analysis + key ratios – monthly, quarterly, annual balance sheet and P&L trend analysis along with key ratios computed in seconds.
- Anomaly and trend detection – proactively surfaces unusual activity and financial statement balance shifts based on the auditors’ desired materialities. No more manually building year-over-year comparative period assessments.
- Concentration visibility – identifies risk exposure to key customers or vendors.
Audit Sight’s latest release follows the successful launch of its Management Meeting Module, further expanding the company’s suite of automation tools designed to reduce inefficiencies and strengthen trust in the assurance profession.
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