Financial analytics
A global standard for tagging and reporting financial information in a computer-readable format.
XBRL
A set of standards developed by the AICPA that defines common tables and fields that are needed by auditors to perform common audit tasks.
Audit data standards
An application in Excel that allows you to find employees who share similar addresses as suppliers.
Fuzzy Match
Requirement of more than one person to complete accounting tasks to prevent fraud and/or errors
Separation of duties
Predictive analysis of potential tax liability and the formulation of a plan to reduce the amount of taxes paid
Tax Planning
Analysis that evaluates text for positive and negative tones to predict future outcomes.
Sentiment analysis
An analysis helps to determine the likelihood that a balance will be received based on the outstanding days of an account.
Age analysis
A menu item in Excel that allows you to identify duplicate payments.
Conditional formating
A process for assuring of an organization's objectives in operational effectiveness and efficiency, reliable financial reporting, and compliance with laws, regulations and policies.
Internal control
The actual amount of tax paid as a percentage of income
Effective tax rate
The process of digging into unstructured text data to obtain meaningful information such as patterns and trends.
Text mining
A repository of data accumulated from internal and external data sources, including financial data, to help management decision making.
Data warehouse
A function in Excel that allows you to join records from another table.
VLOOKUP
A process that includes creation of a purchase order, receipt of inventory and an invoice, and payment of the invoice
The procure-to-pay process (P2P)
An analysis to evaluate the impact of different tax scenarios/alternatives on various outcome measures including the amount of taxable income or tax paid
What-If Scenario Analysis
A format that allows filers to embed XBRL data directly into a HTML document
Inline XBRL
This management assertation claims transactions and events have been recorded in the correct accounting period.
The cutoff assertion
An application in Tableau that allows you to flip through different segments of your data.
Pages
A tax KPI which refers to the ability for the company to sustain similar tax performance over time.
Tax sustainability
A teleconference, or webcast, in which a public company discusses the financial results of a reporting period
Earnings call
The record of audit procedures performed, relevant audit evidence obtained, and the conclusions the auditor reached.
Audit documentation
A drop-down menu in Tableau which provides a description of the visualization created.
Worksheet>Show Caption
An examination of operational processes based on event logs is to turn event data into insights and actions
Process mining
A hub of data provided the by the IRS on its website which shows tax return information in different categories and can be used by companies and individuals as a benchmark to determine the risk of being audited.
Statistics of income (SOI)