Basics Audit Analytics
While other sections dive into details and scripts, here we cover the general topics. What should you know about auditing, financial administration, or data analysis? Few people are experts in all three areas, so a bit of background knowledge certainly won’t hurt!
Balance Sheet and Profit & Loss Statement Explained
ADMINISTRATION
In this article, we discuss the balance sheet and the profit and loss statement. A simple explanation with examples covering assets, liabilities, profit, and expenses.
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Balance Sheet and Profit & Loss Statement Explained
In this article, we discuss the balance sheet and the profit and loss statement. A simple explanation with examples covering assets, liabilities, profit, and expenses.
Basic Principles of Financial Administration
When exploring data analysis in auditing, it is, of course, useful to have some understanding of financial administration. That is why in this article, we look at the basics of financial administration and the principles of bookkeeping.
What is an Audit?
When exploring data analytics in auditing, it is useful to have a basic understanding of how an audit works. That is why, in this article, we will look at the fundamentals of an audit and the different types that exist.
What is materiality?
What is materiality in auditing? Learn how auditors determine which errors matter, including execution materiality and reporting tolerance.
Understanding Audit Opinions
Learn about the different types of audit opinions, from unqualified to adverse.
Data Analytics in Audit: Why, How, and When?
In this article we discuss how data analytics can be applied, why it adds value, and how to integrate analyses into your audit strategy.
What is Data Analytics?
Learn what data analytics is, how data is analyzed, and how it impacts decision-making and audits. Discover how data can provide insights and optimize processes.
Using Logging in Auditing
In this article, we discuss the importance of logging and how you can use it in your audit. Not everything is logged, and even when it is, you need to verify whether it is useful.