DATA ANALYTICS
Make your data work for you.
Production and financial reporting systems generate a wealth of data. Using this data, auditors can enhance audit quality by including ADAs on their engagements. Decision Point has the expertise in auditing and data analytic tools to assist auditors in incorporating analytics on their engagements– saving time, reducing costs and lowering their audit risk.
We can help you address your data-related challenges, including:
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Substantive audit approach with a high number of transactions, resulting in higher audit costs
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System integration challenges
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Complex system calculations
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System or data conversions
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SAS99 Fraud testing requirements
Our tools are powerful, able to query large databases and analyze vast amounts of data in efficient and cost-effective ways that wouldn’t otherwise be feasible. Using analytics tools we have helped auditors:
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Save significant audit hours with tests performed in less time than it takes to manually perform the same task. Savings are generally 40-60% of the time for the test that is automated
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Obtain a higher level of audit coverage by testing 100% of transactions versus a sample of items
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Obtain future savings in subsequent years with the same data analysis routines run in minimal time
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Increase audit scope by performing tests in areas that wouldn’t normally be included
From data analysis through data reporting, we’ve got you covered including:
Data Analysis
Using tools like ACL or Arbutus, our data analysis services support internal audit activities related to specific audits and improve visibility into business risks. For business groups, data analysis provides management with the information they need to make better decisions.
Find out how we can help you with data quality, data mining or data migration. Contact us today.
Data Analysis
Make decisions based on better information.
Data Analysis
Continuous Auditing & Monitoring
Reduce manual work and significantly reduce your costs by using a technology-driven system. Continuous auditing and monitoring negate the need for manual testing of controls or manually pulling data from source systems. Leverage technology to better allocate the skilled people within your organization.
Continuous auditing - automate your auditing activities and test 100% of transactions, not just a sample.
Continuous monitoring - run continuous tests against your transactions for early notification of control breakdowns, transactional errors, fraud, waste and abuse.
Continuous Auditing & Monitoring
Let technology do the work.
Training Workshops
New to ACL Analytics or you need a refresher for your ACL skilled staff? We have 2 and 3-day on-site ACL courses available with our ACL Certified Data Analysts (ACDA). If you prefer something customized using your own data, a custom analytics workshop can be developed to suit your specific needs.
Set up your workshop or course. Contact us today.
Training Workshops
Keep up with technology.
Data Reporting
Get the information you need.
Insight for Your Industry.
Every industry is unique and has its own approach to manage business and regulatory requirements – just like your business. Our experienced team provides insight and pragmatic solutions spanning several industries.
MINING
Junior exploration, construction/development and producers all have their unique challenges. Whether it is managing the regulatory compliance landscape and meeting internal controls compliance or managing risks on a construction project or implementing a process improvement initiative at the mine site, our experience allows us to bring the optimal balance of best practice and practical solutions.
The Decision Point Difference
Working with the experienced Decision Point team, you'll have access to specialized knowledge and a customized approach that solves your business' unique operational challenges.