Mayer Hoffman McCann P.C. Expands and Standardizes Use of Data Analytics
HOUSTON – October 28, 2015 – Top Ten CPA firm Mayer Hoffman McCann P.C. (MHM) has recently expanded its use of CaseWare IDEA® as part of a firm-wide initiative to increase the integration of data analysis into the firm’s audit process.
After using IDEA for several years, MHM decided to expand the use of IDEA by providing access to most of its staff. The firm believes that incorporating data analytics throughout MHM’s proprietary audit methodology will result in even higher quality audit procedures.
“We believe the future of auditing is evolving with the increased use of data extraction and analysis technology, which is improving the effectiveness of our audit,” said Joanna Schultz, National Director of Audit Technology, MHM. “The expanded and standardized usage of IDEA will empower our staff by giving them convenient access to purpose-built technology designed to save them time and effort while improving the quality of their work.”
MHM is a national provider of high-quality audit and attest services to mid-size and growing public and privately held companies, nonprofit organizations and governmental entities. The firm was founded in 1954 and is headquartered in Kansas City, MO. With more than 30 offices in key markets throughout the U.S., MHM is listed as a Top Ten CPA Firm by AccountingToday and adheres to the strict quality control measures and high professional standards of the Public Company Accounting Oversight Board (PCAOB), American Institute of Certified Public Accountants (AICPA) and state accountancy boards.
IDEA is a powerful and user-friendly tool designed to help accounting and financial professionals extend their auditing capabilities, detect fraud and meet documentation standards. It allows users to quickly import, join, analyze, sample and extract data from almost any source, including reports printed to a file, such as PDFs. With unlimited file size capabilities and an intuitive user interface, IDEA has the ability to analyze large volumes of data in seconds. IDEA is used in more than 90 countries, by major accounting firms, government, corporations in all industry sectors and by nearly 300 universities as a teaching tool.
We believe the future of auditing is evolving with the increased use of data extraction and analysis technology, which is improving the effectiveness of our audit. The expanded and standardized usage of IDEA will empower our staff by giving them convenient access to purpose-built technology designed to save them time and effort, while improving the quality of their work.
- Joanna Schultz, National Director of Audit Technology, MHM
Founded in 1992, Audimation Services, Inc. is a leader in providing data analysis technology to help companies understand their data, assess risks, test controls, and fight fraud. As the sole U.S. distributor of CaseWare IDEA®, and SmartExporter for SAP®, we help our clients maximize their technology investments by providing support, training and other valuable resources. For more information about Audimation Services, visit www.audimation.com or call 888.641.2800.
About CaseWare Analytics
CaseWare Analytics is home to IDEA Data Analysis Software, Collaborative Analytics and Continuous Monitoring solutions. All CaseWare Analytics technologies are built upon the foundation of best practices in assessing risk and controls, hereby enabling audit and finance professionals to use real data insights to create remarkable ROI & business improvement opportunities. Visit www.caseware.com for more information.
IDEA is a registered trademark of CaseWare International Inc.