Wolters Kluwer Tax & Accounting has released a library of free audit data analytics resources geared toward moving auditors away from traditional data sampling to real-time analysis.
Real-time analysis is the direction in which audit has been moving for some time with the introduction of artificial intelligence and other emerging technologies to the process.
The library will be updated regularly with content developed by auditors for auditors, including topical blog posts from subject matter experts, video testimonials from audit professionals who are already taking advantage of data analytics, and more.
The library will also include tips on using Wolters Kluwer’s product TeamMate Analytics for audit test automation.
“Many firms and audit professionals still struggle to incorporate data analytics into their audit engagements and workflows,” said Colleen Knuff, vice president of audit product management at Wolters Kluwer Tax & Accounting North America, in a statement. “By launching this growing library of resources, we are helping them to better understand how their peers are using audit data analytics to increase audit quality and to gain access to practical guidance on how to deliver the deep, data-driven insights their clients expect.”
The resource library is available
