Auditing Statements with IDEA
If your firm gives audit opinions on financial statements you are required to comply with audit standards in your jurisdiction.
International audit standards and standards in most jurisdictions require the auditor to test system controls and examine supporting
documentation. With the increase in transaction volume arising from computerized records, auditors are not able to properly perform
their work without using some form of software tool for analysis. IDEA is a tool designed by auditors for auditors that allows you to
easily import data from systems ranging from QuickBooks to SAP, and perform essential audit analysis.
For more information on suggested audit tests for financial statement audits, please take a look at
IDEA Smart Analyzer - Financial.
You can also check out these articles:
Inventory — Audit Analysis and Process Improvement
Accounts Payable — A Goldmine for You and Your Clients
Accounts Receivable — Improve Your Analysis
For more information visit the IDEA product page.
