This ebook will give you a foundational understanding of practical applications and implications of audit analytics. Technology is available to deliver analytics, cost-effectively, for varying levels of audit expertise. The cost of an analytic procedure has been reported as $0.01 compared to a cost of $4 for a “standard audit of the same information”.
Our aim with this guide is to educate on:
- The 5 Levels of Audit Analytics Model
- What risks to analyse
- A range of potential “low hanging fruit” tests for high risk areas including Payroll, Accounts Payable, and Accounts Receivable
- Important considerations and implications for auditors
About the Authors
Glen Laslett – now happily retired, is a Senior Risk, Assurance and Audit professional who served as the Group Business Assurance Manager at Metcash for over 13 years.
Gavin Steinberg is the CEO of Satori Group and industry expert in Data Analytics, Budgeting, Forecasting and Financial Consolidation, and Continuous Control Monitoring.