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  • Examples for performing more valuable audit planning

    Accounting 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…

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    How to use preliminary analytics to transform the value of your audit services

    Preliminary 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….

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    Conversations highlights: Adding more client value in audit services

    In 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…

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    10 best practices for valuable audit planning

    Benjamin 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…

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    The three C’s of innovation in accounting

    In 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…

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    AI in Audit: Time for a reality check across technology providers

    Accountants 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…

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    Top tips for implementing data analytics in your firm from the ICAEW

    Recently, 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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    Technology in the Accounting Profession & How it Affects Change Management

    I was delighted to be the opening keynote speaker for the Digital Accountancy Forum 2017 on 4th October, with my day made even better when we took home the award for Accountancy Software of the Year later that evening. The focus for the day was on the impact of technology on the accounting profession, a…

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    ICAEW Partners Share Their Experiences of SMPs Using Inflo

    In a recent webinar held by ICAEW, Partners Lisa Leighton and Alex Peal of BHP and James Cowper Kreston shared their experience of trialling and implementing data analytics software in their practice. Lisa and Alex explained what they’ve learned and why they chose to partner with Inflo. The 16-minute video below reflects on the key…

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    Is Sampling Still a Valid Testing Approach?

    Effective auditing relies upon efficiently gathering the evidence required to provide reasonable assurance over financial information. As businesses have become ever more transactional, auditors have become increasingly reliant on sampling as their primary source of evidence. Techniques such as Substantive Analytical Review have come under increasing scrutiny as they are challenging to perform in sufficient…

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