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  • Efficiency in Audit and Accounting – a Shift in Mindset?

    In his blog our CEO shares personal insights from a career in accounting and tech   Efficiency in audit and accounting isn’t as simple as it might seem. I’m not sure I have ever spoken to a firm who believes their accounting business is fully optimised in the way it operates. But why is improvement…

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    Audit Execution Top Tips – Management Override of Controls

    Performing appropriate audit work to address the risk of management override of control and fraud has become increasingly complex. The expectations of regulators and external stakeholders has greatly increased as auditors are expected to perform robust procedures to address the risk of fraud. Journal entry testing forms a core part of any audit approach. With…

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    Plan Your Execution. Execute Your Plan.

    At the end of an audit engagement your client should be satisfied your audit has delivered the value they desired against the fee you charged. You and your team should be satisfied you have planned and executed a successful engagement. But how you can make the next audit even better. In busy periods, effective audit…

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    ICAEW partners with Inflo to support member firms adopt emerging technologies

    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…

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    ICAEW to incorporate emerging technologies into the ACA qualification

    Monday 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…

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    Thomson Reuters and Inflo launch new free data analytics solution

    In 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…

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    Audit firms no longer face any barriers to adopting Data Analytics

    The IAASB’s recent Request for Input on their paper, “Exploring the growing of use of technology in the audit, with a focus on Data Analytics”, gave a thorough and frank assessment of the challenges the IAASB face as they consider how to incorporate Data Analytics into audit standards. However, the IAASB’s summary of the challenges…

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    Inflo Announces Collaboration with Grant Thornton

    Inflo Limited is delighted to announce their successful collaboration with one of the largest accountancy firms in the UK. Grant Thornton UK LLP has partnered with Inflo to maximise the value received by clients from their assurance services. Grant Thornton have been working very closely with Inflo over the past year to evaluate the benefits…

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    Inflo Software Scoops Exporter of the Year Award

    UK-based Inflo Software has received its second award in 3 weeks at the Sunderland Echo Portfolio Awards when it won the Exporter of the Year award on 26th October. Following on from winning the accounting innovation of the year earlier in October, the Exporter of the Year Award adds recognition for the hard work that…

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    An Introduction To Data Analytics

    Data Analytics is becoming more prominent as a sophisticated organisational tool for enhancing productivity and guiding human intelligence in corporate decision making. Over the last decade, these techniques have been progressively embraced across business environments to the competitive advantage of those that have taken a lead role. This brief note aims to introduce data analytics…

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