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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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    Inflo Wins Accountancy Software of the Year Award

    Inflo is setting high standards in the world of accounting software after winning a top international award for Accountancy Software of the Year. At the prestigious annual The Accountant & International Accounting Bulletin 2017 awards on the 4th October in London, Inflo scooped the top award in the accountancy software category beating off stiff competition….

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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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    Does the media give auditors a bad name?

    All publicity is good publicity. Not, it would seem, in the case of auditors who only seem to hit the headlines for only the wrong reasons. Audit firms have limited opportunity to highlight the positive impact of their work. Adjustments are made to the financial statements of clients on the vast majority of audits. But…

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    How Do Audit Firms Recruit and Retain Talented People?

    New figures from an FRC study show that there has been a slight increase (0.7%) in 2015/16 of individuals in the UK studying the major accountancy qualifications (ACCA, CIMA, CIPFA, ICAEW, CAI, ICAS, AIA). Yet, if you widen the outlook to cover the period from 2012 to 2016, there has been an overall decrease of…

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    Inflo nominated for multiple awards

    We are pleased to announce that we have been shortlisted for not one, but two awards. Firstly, we have been shortlisted for Accountancy Software of the Year at the upcoming Digital Accountancy Forum & Awards on 4th October at The Tower Hotel, London: To complement that nomination, we have also been shortlisted for Practice Software…

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    Key Data Analytics takeaways from the FRC audit quality reports

    The FRC published its annual Audit Quality Inspection Reports for six largest audit firms in mid-June. What lessons do they contain for everyone else when it comes to one of the most keenly-discussed topics across the profession – using audit data analytics (also known as ADAs)? Data analytics are now an integral part of the…

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    The UK Launch

    Inflo was launched to the market on 17 November 2016 at a special ICAEW Audit and Assurance Faculty event. Attended by over 150 senior figures from across the UK accounting profession, the event included a key note speech from ICAEW Chief Executive Michael Izza, a panel discussion chaired by ICAEW Audit and Assurance Faculty Head…

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