Audit Sight, the assurance solution built by auditors for auditors, has released its Audit & Review Analytics Module, a tool designed to streamline financial analysis for audit and review engagements by automating trend analysis, anomaly detection, customer and vendor concentration analysis and key ratio calculations. The module is designed to work across any client, industry, general ledger or ERP system to standardize analysis and deliver results quickly.
“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. “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.”
Key benefits include universal compatibility, disaggregated monthly, quarterly and annual balance sheet and P&L trend analysis with key ratios computed in seconds, materiality-driven anomaly and trend detection and concentration visibility for key customers or vendors. The release follows the company’s Management Meeting Module and is aimed at reducing manual work, strengthening audit evidence and enabling higher-value services.
