Audit tools
Grant Thornton has unparalleled commitment to developing leading-edge software tools and using technology to ensure your audit is not only effective, but also efficient. Our software tools were developed specifically to implement our audit approach. Again, our audit approach was developed specifically with middle-market clients in mind. Some of our tools include:
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Voyager, a software that supports the Horizon audit methodology. Using Voyager, audit teams identify financial statement risks and link them to the processes and internal controls that you have established to address those risks. This enables our team to tailor an audit response that is appropriate to the assessed risks. Voyager also generates audit programs for 16 different industries that are customized for individual client situations and focused on your financial statement risk areas. |
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IDEA, a data extraction and analysis tool, to analyze large amounts of financial data, independently verify calculations, efficiently select samples and generate confirmations. IDEA enables auditors to extract and analyze data in a matter of seconds, resulting in a more efficient audit process that is less burdensome for our clients |
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TBEAM, our work paper generation package we use in audit planning, analytical procedures, and the production of work papers and financial statements. |
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Pentana, a third party software program used to ensure that the financial statements disclosures are in accordance with the International Financial Reporting Standards. |
The use of technology by member firms reflects the way their clients do business. As information technology develops, member firms will continue to introduce new software and modify existing versions to maximise audit performance.
Technology allows us to reduce the time that was previously spent on various routine functions and enables us to extract and analyse data with a minimal amount of effort. As a result of this, we can concentrate our efforts on the business issues