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When using data analytics for an audit, some of the most significant challenges are determining which areas to test and what types of tests and reports to run.
The Financial App is a collection of 55+ pre-built analytic tests and reports for business-critical areas:
General Ledger
Accounts Payable
Accounts Receivable
Fixed Assets
Inventory
The App helps perform standard evaluations and run specific audit tests to detect issues. It can be used on every audit engagement to boost productivity and improve audit quality and consistency.