Wolters Kluwer Tax & Accounting has introduced enhancements to TeamMate Analytics, which is used by internal and external auditors. Among new features are enhancements to the Expert Analyzer, which is utilized to append data to combine multiple data files.These include tools that assist in mining and analyzing the make-up of transactions; new capabilities to evaluate formulas with more than 1 million rows of data; and advanced summary features that enable auditors to create more flexible summaries of data and analysis within their workflows.
The company says the application incorporates more than 150 tools for data analysis and supports analytic testing with configurable modules that automate audit tests.
Expert Analyzer automates multi-step analysis via a graphical workflow designer that supports multiple datasets and an import directly from a PDF. TeamMate Analytics, accessed from within Microsoft Excel, offers tools such as gap and duplicate detection, Benford’s testing, Monetary Unit Sampling, and stratification.
