Pre-built Routines. Smarter Analysis.
The essential collection of audit tests and reports
IDEA SmartAnalyzer is a collection of queries and tasks that can be used on every audit engagement to improve audit quality and consistency. This solution offers an extensive set of routines for the analysis of general ledger, accounts receivable, inventory, fixed assets and accounts payable transactions.
By leveraging IDEA SmartAnalyzer, you will: Save time and effort in defining standard tests and creating reports from scratch. Easily accelerate analysis and standardize workflows across the business. Gain access to a wide array of time-saving tests including General Ledger, Accounts Payable, Accounts Receivable, Inventory, Fixed Assets and more
Follow the audit path to completion
New to SmartAnalyzer is the app workflow, which guides you through the steps of your project when working with specific apps. The app workflow lets you set a status for each step along the way so you can quickly see which actions are complete or still need to be taken. The app workflow helps you effectively manage and track the audit process from start to finish, and facilitates collaboration amongst your audit team.
Your audit test encyclopedia
Enjoy dynamic, intuitive test selection and preparation with the Select & Run task. Everything you need to know about each audit test can be found in the Description window: analysis type, audit objectives, examples and more. The audit grid is your audit test control panel. Here you’ll find a list of tests, their status and the subfolders where the audit test results are stored. You can also see at a glance if you’ve assigned tags to each field and set the required parameters.
Open the door to tests and apps
Welcome to the Marketplace, your gateway to purchasing and downloading apps containing audit tests, Standard Import Routines and other items to make your everyday activities easier. The App Management feature is the hub for IDEA apps. Here you can display, import, update and remove apps.
Data prep, simplified
Before running a test, you need to pair a set of tags with data fields in the IDEA database you want to analyze. Do this manually by assigning tags to data fields, or automatically by selecting a Standard Import Routine. It will do the tagging for you, saving you time and eliminating the risk of error.
Get the data you need — easily
Requesting and obtaining data is simple with SmartAnalyzer. It offers three types of Data Requests, meeting almost any data requirement and degree of ERP system familiarity. Don’t have access to an ERP system? Just send a Data Request to someone who can provide the data for you. If you have access to an ERP system, you’re able to acquire just the data you need for any audit tests you’ve selected using SmartExporter.
No fuss results and reporting
The Results & Reporting task lets you review and export your results or create corresponding reports. Generate comprehensive reports that include test descriptions, audit objectives and summarized results with drill-down capability in IDEA.
TYou can also include records identified by the tests and share your findings—in a variety of different formats—with those not using IDEA. SmartAnalyzer also offers the new Appendix report, which provides additional information when you’ve specified more than 50 parameter values for an audit test.
“ Two years ago we didn’t expect that in this pandemic phase, IDEA and Pentana Audit software utility could really help in a remoted audit process, in term of the desk audit process as well as the reporting activity process. With IDEA data analytic, the process of the desk audit can save the field work & visit time up to 70%, this could happen because IDEA can analyzed and do the data processing to identify risks and spesific scoop at the beginning of the desk audit process. ”
“ Our audit teams use a data extraction and analysis tool, IDEA. This allows teams to analyse large amounts of financial data. Using IDEA, we can access such data in seconds, saving time and money for our clients. ”
“ I absolutely recommend IDEA. It lets us quickly analze 100% of our data using repeatable procedures. It’s also advanced enough to provide what I call a ‘one-click’ solution where it creates a dashboard populated with charts and field statistics that make it easy to see the outliers. Generating a result with just a couple of clicks is awesome. ”
“ We use data analytics in all phases of the audit. During the planning stage, we use it for scoping and sizing. During fieldwork, we use IDEA because we can analyze the entire population, which would not be possible with manual analysis. IDEA makes it easy to create new tests and narrow the population so we can focus on anomalies and exceptions. ”
“ Pentana Audit helps us understand our risk better which helps us be prepared for any type of event by enabling a continuous risk-based audit execution process. With Pentana Audit we are now more adaptable for changes and that makes us better prepared for emerging risks. ”
“ It’s been an incredibly effective way for us to build the risk culture within the organization. All of our lines of business now know the name Pentana! ”
“ With Pentana Audit we are saving approximately 100 working hours per audit and with an average of 12 audits every year that is an astounding saving. ”