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TRANSPARENCY REPORT | AUDIT QUALITY
Data analytics
RSM utilises a variety of software solutions to
assist audit teams in the planning and execution
of their work. Analytics tools are used in obtaining
audit evidence against relevant assertions, as well
as in risk analysis.
RSM increasingly utilises two main tools when
conducting audit data analytics work:
1. Inflo - A third party cloud-based tool which we
use to allow audit teams to ingest and cleanse
client general ledger information, undertake
bespoke journals testing and, where appropriate,
undertake detailed sales cycle testing.
2. Alteryx - A data analysis tool which is used in
two ways.
● As a bespoke tool allowing the data
analytics team to undertake highly detailed
and bespoke work under the direction
of auditors.
● Making use of Alteryx audit 'apps' designed,
tested, and technically approved 'in-house'
to allow audit teams to use a standardised
approach to certain testing routines. These
can be sector based eg a pensioner's
payroll analyser, or more general eg sample
selection in line with the firm's methodology.