Flexible and Quick
Data Analysis
Data Analysis consists
of various Analysis tools which help the
auditor to check the data, compare the Audit
data with previous year's data and highlight
exceptions to carry on further investigations.
The auditor will also be able to fix the
data if he has been provided the necessary
rights.
Verification of
Chart of Accounts: The Verification
of Chart of Accounts will help to organise
the Chart of Accounts in a presentable manner
and highlight the exceptions by comparing
with the previous year's Chartof Accounts.
Verification of
Stock Items: This report will help
the auditor to check the available Stock
Items and draw attention for the exceptional
items such as negative stocks, difference
in balances etc by comparing with the previous
years Stock Items list.
Verification of
Balances: Will help the auditor
to check the difference in Opening Balances
and Transaction details by highlighting
the exceptions.
Analytical procedures:
This is a powerful Data Analysis
tool which will help the auditor to Compare
various Groups/Ledgers/Cost Category/Cost
Centres or cross compare these to draw various
trends. This report will also provide the
variance details among the selected parameters
to help the auditors to carry on further
investigation.
Pending Documents:
By this report the auditor will
be able to decide the related areas of investigations
and get the necessary pending Bills and
Orders closed based on the actual situation.
Statutory Payments:
This report will help the auditor
to find if the necessary Statutory payments
were made on time or not. |