:: AUDIT EXCEL :: AUDITING RECORDS
Auditing records can be described as the process of
locating mistakes in already developed or completed
spreadsheets. Research has indicated that there are
more than 16 errors commonly found in completed spreadsheets,
even though users already check for mistakes and make
corrections while developing the spreadsheets.
Since the spreadsheets also form the foundation for
decision making regarding the growth and selling of
an enterprise it is vital that they are accurate.
Unfortunately it is not easy to audit spreadsheets
without a proper software tool.
The process should include audits on:
- Input of data
- Formula checking for consistency and correct
usage
- Review of calculations
- Output analysis
- Add-in feature analysis
Spreadsheet Professional is one of the most widely
used tools for the auditing of records electronically
as it makes it possible to perform all of the above
audit protocols. With Spreadsheet Professional, encoded
mistakes such as errors in the formulas as well as incorrect
models can be detected.
Many users start out wrong by developing spreadsheets
without a plan, which often causes chaos when the year-end
financial statements need to be processed for tax purposes.
In this regard it is recommended that users attend a
spreadsheet development course through a reputable institution
such as Miricle Solutions.
The company provides tutorials and guides on how to
build Excel spreadsheets of which many are free, while
also offering Spreadsheet Professional software, tutorials
and training. This is especially helpful when it comes
to auditing records electronically.
Fewer errors will occur if the user knows how to:
- Build spreadsheets
- Utilize correct input and output protocols
- Understand how to audit the spreadsheets.
Since errors in developed spreadsheets are difficult
to detect, prevention of the most common mistakes is
better than having to spend hours on locating mistakes.
Fortunately the Spreadsheet Professional tools make
the process of auditing records easier.
To learn what the most common mistakes are and how
Spreadsheet Professional tools can be applied to detect
and repair them, visit the Audit Excel from Miricle
Solutions or contact them for more information.
Visit their website or contact them for help in auditing
your spreadsheets.
