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Tag Archives: data analytics
What is Data Analytics?
Data Analytics is a term that gets thrown around a lot these days. Why is that? What value does it really provide? How can it be used by auditors? Analytics has been used for many years. Before computers even existed, … read more
Posted in Articles
Tagged audit, data analytics, government, nonprofit, testwork
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What Will Audits and Financial Statements Look Like in 10 Years?
What will audits and financial statements look like in 10 years? Will auditors even be requesting supporting documentation directly from the auditee or will it all be obtained from third parties? Will financial statements still be in a flat PDF … read more
Posted in Articles
Tagged Arizona, Corey Arvizu, CPA firm, data analytics, future of accounting, future of auditing, remote audit, Texas
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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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Capital Assets – Using Data Analytics to Strengthen Our Audits
Updating and maintaining an accurate capital asset listing is not typically at the top of anyone’s to-do list. However, it is something that is required of your organization and it oftentimes is a lot of work. Most organizations spend the … read more
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Tagged Arizona, audit, capital assets, data analytics, government, Joshua Jumper, school district
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Application of Benford’s Law in Audits
by Marie Hoie, Data Analyst
Posted in Videos
Tagged auditing, data analytics, government, nonprofits, NPO
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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
Posted in Articles
Tagged audit, data analysis, data analytics, data mining, fraud, government, non-profit, NPO
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