Auditors use Calcbench to improve audit planning, conduct analytical procedures, substantive testing, and risk analysis with significantly greater efficiency and cost effectiveness by leveraging the power of XBRL data.
Examine Reporting Practices
allows auditors to examine how different disclosures are reported in a client’s industry and peer group. This includes the wording used in the disclosure and the XBRL tags used.
Build Expectation Models
makes it easier for auditors to build expectation models by collecting normalized financial data for their clients and their clients’ peers and including that data in the expectation models.
Conduct Risk Assessments
Company in Detail
tools, auditors can quickly review a client’s financial data over time to understand trends and identify anomalies and risks. This analysis is enhanced by comparing and benchmarking the client’s data against peer’s data.