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Digital audit methodology: transforming the audit process

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Published: 25 Nov 2021

Sponsored by inflo logo

Inflo’s Digital Audit methodology transforms the audit process, taking a truly data-driven approach while harnessing the power of digital workflow to achieve a more efficient and higher quality audit.

The Digital Audit Methodology has many differentiators from the traditional audit methodology. This session will outline some of the unique functionality used within this approach and how it supports auditors.

In this video, learn about:

  • Leveraging the increased availability of financial data with Inflo’s winning data acquisition capabilities
  • How the Digital Audit methodology is different from traditional methodologies, including its key benefits & characteristics
  • How advanced Audit Data Analytics are available, within the Digital Audit, at the fingertips of auditors
  • The 2 distinct applications for ADAs: Risk Audit Data Analytics (RADAs), and Substantive Audit Data Analytics (SADAs).
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Speaker

Andreea Ionescu, Centre of Excellence Manager, Inflo

Andreea is a Manager in the Centre of Excellence team at Inflo, working to ensure the successful delivery and maintenance of the Workpapers module as part of the Inflo Digital Audit offering. Before joining Inflo, Andreea worked in practice, starting her audit training with PwC and becoming a Fellow ACCA member whilst working as a Senior Audit Manager within the assurance department at Smith & Williamson. She has worked with a range of clients throughout her 12 years’ audit career, starting from full list entities to less complex ones and gaining experience within diverse industries, from oil & gas, to manufacturing.

Useful links

  • Download the slides
  • About Inflo
  • Inflo for ICAEW members 
    ICAEW have teamed up with Inflo to offer you a fantastic three months free, which includes access to full onboarding, support and training for your staff for 90 days
  • Inflo Digital Audit is transformational. It’s a new way of conducting the audit process. It’s a new way of thinking about the value of audit services.
  • Digitalization and Innovation in Auditing White Paper 2021
    The Digitalization and Innovation in Auditing 2021 White Paper provides guidance to audit firm IT leaders, senior auditors, and decision makers on best practice Digital Audit adoption.
  • Read the article A New audit Methodology for the Digital Era: Audit Data Analytics
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