What’s new in Ai Auditor
With major enhancements to risk-based dashboards, subledger support, monthly and yearly trending, not-for-profit functionality, and data import, this release of Ai Auditor brings high value insights closer to your audit methodology and enables you to ask better questions of the data.
What’s new in 4 minutes
Focus on your audit areas of interest
With new dashboard filtering, you get a risk-based view of specific financial statement areas at the level of detail you’re used to working with in your audit. By specifying how columns in ledger data are analyzed and by creating your own filters, you are able to map the overall views of risk to the specific accounts or operating segments which are driving it.
This enables the detailed understanding of risk and opens opportunities for deeper, value-added conversations with clients.
Enhanced AR and AP support
With the ability to import outstanding receivables and payables listings as at balance sheet date, you are able to easily perform risk-stratified sample selections on the open items. Our new Aging page offers more insights into outstanding entries with year-over-year comparisons across respective aging buckets that help focus preliminary analytical procedures and risk assessment around valuation. Additionally, we’ve allowed for the identification of related parties, allowing you to select, compare, and correlate specific balances and transactions.
This enables more focused engagement work and the opportunity for more detailed conversations with clients.
Filter your data by relevant categories
To provide a quick way to assess and compare different segments of the data, our improved data import process allows you to easily format and isolate any additional categories that you wish to focus on while using Ai Auditor. This allows you to select programs, branches, subsidiaries, and more to add them to the filter functionality on the Risk Overview dashboard.
We have also made significant updates to the Trending dashboard, which empowers you to stack and pivot the transactional data from multiple accounts together with these relevant operational categories.
These filtering capabilities and enhanced Trending graphs enable the detailed understanding of the causes of risk and opens opportunities for deeper, value-added conversations with clients.
Enhanced not-for-profit audits
To support not-for-profit (NFP) audit engagements, we’ve introduced major functionality to support the audit of program-based expenses. This includes program-based filtering on various dashboards, simplified data formatting, and a new Statement of Functional Expenses to summarize how spend breaks down across relevant areas.