Auditors have no other choice than to shift from a traditional audit process to using IT-based solutions — such as audit and data analytics software.


Simplifying Sales Audit with Data Analytics

The traditional audit process can be time-consuming because it requires the auditor to comb through piles of data. As a result, some auditors do workarounds like limited data sampling — which may not yield factual results. But with the help of data analytics, auditors can have complete and relevant data sets that will enable them to fully understand a business.

They will be able to see patterns in the data, identify risks and inefficiencies, detect fraudulent activities, and provide deeper insights into a business’s operations.

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