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ICAEW has today (TUESDAY) announced a partnership with financial data analytics software company Inflo. The collaboration will give ICAEW member firms of all sizes access to Inflo’s AI-based technology platform, enabling them to use technology across their audit, tax and advisory services. Analytics dashboards and a range of other resources will be provided, to support…
Read MoreMonday 2 September 2019 – ICAEW is evolving its ACA qualification as part of an initiative to incorporate emerging technologies into accountancy education. Recognising the impact of technology on future skills, ICAEW is collaborating with Inflo, a leading provider of financial data analytics software to the accounting profession, to develop the skills required by advanced…
Read MoreAccounting firms embracing new technologies are achieving quick successes, adding more value to their clients from traditional accounting services such as audit. Here we’ll explain how you can too. Watch these four short videos to discover: How to get access to Inflo, How to create a demo client to explore Inflo’s outputs, and Examples of how accounting firms use Inflo to plan more valuable audits. These step-by-step instructional videos will walk you through how to set…
Read MorePreliminary analytics should be more than just a workpaper that is required to finalize planning. It should be the foundations the entire audit is built from. Exploring data and visualizations allows for a better understanding of your client, highlighting unusual trends and relationships and easily uncovering the areas the audit approach should focus on. Preliminary analytics are a key opportunity to also plan for value….
Read MoreIn our Conversations series, our CEO Mark Edmondson sits down with some of the biggest names in accounting and picks their brains about the state of the profession. Since we began recording these interviews, our guests have had plenty to say about the impact of technology and the need for accountants to evolve. Many point to the audit planning phase as a key opportunity to start implementing…
Read MoreBenjamin Franklin is credited with saying “If you fail to plan, you are planning to fail!”. Few people understand this better than auditors, with planning an engagement a key part of our work. However, with the help of the latest technology, there’s so much value that can be achieved during the audit planning process. In…
Read MoreIn an unprecedented move, Thomson Reuters and Inflo have launched a free-to use version of the technology designed make it easy for CPA firms of all sizes across the U.S. to benefit from emerging technology in their audit planning process. Thomson Reuters and Inflo formed a strategic partnership in November 2018 to accelerate Inflo’s ground-breaking…
Read MoreIn the coming years, the accounting firms that adapt to our industry’s ongoing innovations are going to have the brightest futures. But what separates the firms that are going to thrive in the next age of accounting from those that are going to fall behind? Here at Inflo, we believe it comes down to the…
Read MoreAccountants across the world spent much of 2018 debating and hypothesising about the impact of Artificial Intelligence on the professional services they provide, with audit being a key service many zeroed in on. I was fortunate to attend many conferences around the world featuring a wide range of keynote speakers. Some promoted doom and gloom…
Read MoreRecently, the ICAEW hosted a webinar in which James Cowper Kreston’s Alex Peal and BHP’s Lisa Leighton ran through the lessons they’ve learned after using data analytics software for a year. The firms, which both use Inflo, ended the webinar with their top tips for any firm looking to implement data analytics software themselves. To…
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"We have seen strong quality improvements from using Inflo on our audits. Clients have been blown away by our ability to quickly find the individual high-risk transactions."