The automation platform DataSnipper has partnered with on-demand accounting data provider Validis to offer auditors a seamless end-to-end audit testing process.
DataSnipper, when integrated with Validis, delivers one audit test workflow to drive significant audit quality and efficiency. Validis provides instant access to financial data provided by the ERP systems from an audit client and structures the data into usable reports with the ability to extract the structured data as an Excel file. This data then flows into DataSnipper and is used by the auditor to automatically match data with audit evidence, supporting a high-quality, easily reviewable audit trail.
“Both of these technologies are bringing about efficiencies auditors can’t ignore,” said Mike Bowman, commercial director at Validis. “It is clear in the modern data ecosystem that bringing integrated partners together who are best-in-class makes it easier for audit teams to transform their workflows.
“We are excited to see the efficiencies we can offer our mutual users increase through the announcement of the partnership between Validis and DataSnipper,” said Youssef Hounat, VP of product at DataSnipper.
Audit teams globally are facing challenges retaining staff along with a greater emphasis on regulatory requirements for financial reporting accuracy. By implementing innovative technologies like DataSnipper and Validis, auditors can streamline workflows and deliver high-quality audit outputs. Embracing these technological advancements can allow audit teams to work efficiently providing a seamless and accurate audit process.
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Tags: Accounting, Auditing
