Used on its own, or in conjunction with Accounting Explorer, Audit Explorer generates decision alerts for these services at an individual partner level, local office level, national firm or international firm level. These alerts can also be structured by client industry and over time for current audits and potential audits. Audit Explorer can facilitate simulations for decision making using historical data.

Target Audience

• Company directors
• Auditors
• Regulators
• Insurers
• Investors
• Lenders
• Analysts
• Advisers
• Business Media

What does it do?

Audit Explorer uses the latest modeling of - audit quality, audit fees and non-audit fees, strategic portfolio management and regulatory compliance rules – in conjunction with the latest visualisation technology to generate alert reports for users. These reports can be tailored to proprietary data and/or the latest publicly available data to assist with the following types of decisions.

• Rating auditors
  • Audit firm and partner selection
  • Audit quality in rotations
  • Audit market competition analysis
  • Quality of client accounts

• Fee management and analysis
  • Overcharging as signals of company business risk
  • Fee modeling and simulations
  • Fee assessments

• Strategic portfolio management and analysis
  • Market strategy modeling and simulation

• Compliance analysis
  • Audit reporting manipulation identification
  • Auditor independence assessments

Underlying Technology

Audit Explorer utilises technology that takes sophisticated highly predictive econometric modeling techniques and translates the outcomes from the modeling into visual images and easy to understand written reports. Users can identify the alerts relevant to their decision making, placing control of the information output into the hands of the user.

The capacity also exists for developing tailored models and visualisations drawing on the research capacity of the research and development team behind Audit Explorer.

How does this compare with currently available audit decision support systems?

Audit Explorer provides unique services for target users. Until now, the types of decisions supported by this tool, have been based on labour intensive data collection and assessment. Audit Explorer provides a quantitative and qualitative alternative for a more scientific management of the decisions.