Analytics for your Review Engagements: Automated

Analytics for your Review Engagements: Automated

by Jonathan Womack, CPA


Last week we wrote about how analytical procedures are a cornerstone of Statement on Standards for Attestation Engagements (SSAE) No. 22, as they allow practitioners to evaluate financial information through the analysis of plausible relationships among disparate data points.

However, have you thought about automating them? Enter ?? Audit Sight ?


Formal Documentation and Review Process

Each workpaper generated by the Audit Sight Revenue and Expense Analytic (Proof of Cash) module includes a formal review and sign-off tab, ensuring:

  • All necessary documentation is completed.
  • The engagement team has a clear, auditable trail of their review process.


Simplified Analyses

The module automatically sets up a monthly balance sheet within the workbook, enabling practitioners to:

  • Easily start their balance sheet analytic processes.
  • Save time by leveraging pre-prepared data for further analysis.


What do you get on your Review Engagements?

The module’s automated analysis ensures:

  • Consistent and accurate development of expectations for revenue and expense activity.
  • Reliable identification of variances and trends for further review.


Audit Sight’s Automated Revenue and Expense Analytic (Proof of Cash) is uniquely positioned to help practitioners meet the requirements of SSAE No. 22 by automating and enhancing analytical procedures related to revenue and expenses. Check it out today!


Enhanced Analytical Rigor. Insights for your Clients. Time Savings for You.

Dr Leonard Chan

Director at EY | Strategic digital executive driving Client Experience (CX) & innovative digital strategy for Assurance

2 周

Yes more than improving efficiencies (auditors can?reduce workloads, lower labor costs, etc) with automation - ultimately producing more accurate data sets in a fraction of the time. Better insights and added value too. Well done Zimm on the infographics ??- much easier to read at a glance. #CX #infographics #digitalmarketing

回复
T.C. Whittaker, CPA MBA

Founder & CEO | Audit Sight

2 周

Really great insights for all you #auditors out there! ?? Automating review engagements isn’t just about efficiency—it’s about delivering deeper insights and higher-quality audits. Audit Sight Inc. is changing the game for CPAs. Excited to see how firms are embracing this shift! ?? #Automation #CPA #AuditInnovation

Michael W. Zimmerman Jr.

Assurance Services | Business Development | Accounting & Consulting | CPA

2 周

What's stopping firms? I'll go first: it's typically a disaggregated buying/approval process for a trial. But our team at Audit Sight Inc. makes this process seamless. Once this hurdle is crossed - the application of modules across multiple engagement "types" for #CPAs is what impresses me the most. And this allows for even more compounded time savings. I'd love feedback on more ways to cross this hurdle smoothly and consistently. And to hear more about how CPAs are leveraging our tools for their reviews and audits!

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