Scrutinize accounts with ease and confidence
Chartered Accountants
As corporate fraud and white-collar crimes are on the rise, there is a increased focus on the audit process. Regulators are pushing for more liability on auditors to scrutinize books of accounts and flag suspicious or criminal activities within the organization. However increased business activities and digital transactions make it cumbersome for auditors to scrutinize each transaction.
With iAcuity, Auditors are no longer required to limit themselves to sample testing. Combining big data and automated analytics allows for every transaction to be validated. Advanced fraud detection algorithms and comprehensive reconciliations point Auditors to key areas of concern. iAcuity enables detailed audits while reducing manual efforts and saving time.
Adopt an Automated Approach to Audits
No more stress of cleaning and normalizing data
Improved consistency and accuracy of analysis by reducing scope for human error
No more sampling – In depth analysis of every transaction
Benefits
Upload data in any digitally readable format. No more data transformation, normalization, and cleansing efforts. Fund Trail automatically validates data and starts analysis.
Analyze billions of transactions across multiple accounts, bank statements and ledgers. Fund Trail is the perfect tool for complex analysis involving millions of transactions.
Fund Trail helps follow the money trail. Auditors can easily see unreported related party transactions, diversion of funds or misuse of loans.
Detect accounting fraud and missing ledger entries. Fund Trail provides a detailed transaction by transaction comparison and reconciliation between ledgers and bank statements.
Track changes in revenue, expenses, inventory and other parameters of the business over the investigation period.
Built in case management allows each Auditor to manage multiple audits at a time.
Pay per use or subscribe for the whole year. iAcuity provides flexible plans to meet your various investigative needs.
Fund Trail is available in the cloud for easy access and scalability. However Auditors do occasionally investigate sensitive cases that require iAcuity’s on-premise solution.