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Tag Archives: data analysis
Data Analytics in Auditing and Consulting – Part II
Part I of this article discussed HeinfeldMeech’s use of IDEA and IDEA Script to perform data analytics. Along with IDEA, the firm has recently been exploring the use of Python programming to enhance our data analytics procedures. Python is an … read more
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Tagged auditing, consulting, CPA firm, data analysis, data analytics, data mining, financial report, machine learning, Python, school district, text mining
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Data Analytics in Auditing and Consulting – Part I
As financial auditing and consulting evolves every year, there seems to be a growing emphasis on utilizing data analytics in new and existing auditing methodologies. Embracing the role that data analytics plays in this aspect, HeinfeldMeech is constantly applying and … read more
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Tagged Arizona, audit, CPA firm, data analysis, data analytics, government, IDEA software, macros, nonprofit, NPO
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Data, Data and More Data – How to Make it Work for You!
In the past, decision-making was much simpler, but we often got it wrong because although we knew a lot about one or two options, we didn’t know what our other choices were or we made poor choices anyway. A historic … read more
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Tagged Arizona, CPA, data analysis, data bias, data management, Melanie Askew, school district
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Keyword Analysis in Excel
When most people think of keyword analysis, they likely think of it in the context of search engine optimization: that is, which keywords or search phrases that bring visitors to websites. However, the applications of keyword analysis are not limited … read more
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Tagged audit, data analysis, financial statements, keyword
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Data Analytics – A New Era of Auditing
Artificial Intelligence (AI) is impacting our world in many ways, and the auditing profession is no exception. As a result of the advancements in technology, specifically related to data analytics, auditors are now able to perform audit procedures on entire … read more
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Tagged audit, data analysis, data analytics, data mining, fraud, government, non-profit, NPO
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Red Flags: Don’t Miss the Warning Signs
According to a recent study by the Association of Certified Fraud Examiners, over 40% of all fraud is detected by a tip, such as a whistle-blower. When fraud occurs, the first thing asked is, “How did we miss that?” Conducting … read more
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Tagged Arizona, data analysis, fraud, government, internal controls, nonprofit, red flags, risk assessment
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