In search for the best data analysis tool for auditors
A good data analysis tool is determined by a number of aspects. These change from auditor to auditor, and what the tool is used for. Auditors use data analysis tools mainly for audit planning and continuous monitoring. A good data analysis tool for auditors is determined by how well and easily it helps auditors analyse data.
DISCLAIMER: I work for a software company that makes data analysis software for managers, auditors, and finance officers. So there may be some bias in this post, but I’ve tried to be neutral.
I have broken down features and qualities of data analysis tools by data sources, analyses, features, and overall design.
Data sources and connectivity
This is a key factor as one of the biggest problems faced by auditors in analyzing data is difficulty in obtaining data.
Manual file uploading is usually a wizard that allows the auditor to upload files and identify columns...
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