My name is Ivo Mengelers, and I have a background in financial auditing at a "big five firm." Currently, I am working as an IT auditor, where my main tasks are divided into performing IT audits related to annual accounts, data analytics, and interim work with regard to internal control at a founding. Additionally, I am involved in the development of a useful data analysis platform for auditors.
From my time in financial auditing, I noticed that auditing itself did not evolve in such a way as the technology itself did. A lot of work being done has nothing to do with auditing more efficiently and effectively. Procedures are done just so it is done according to the bare minimum of what the regulations tell you to do. No innovation in the many possibilities that are available to this date. This should and must be done differently. Exactly the reason we came up with the data analysis platform for auditors.
We have developed an environment where auditors can upload their audit files and bank statements. We validate these files and structure them in such a way that the data becomes standardized, regardless of the application or bank it originates from.
This allows us to provide auditors with numerous useful analyses of company data, and we even enrich the data with external information such as corruption index and exchange rates.
Recently, we integrated artificial intelligence by incorporating ChatGPT, which provides valuable insights to further assist auditors. For instance, it can describe the health of the company using ratios derived from the audit files.
Through our online portal, auditors can simply drag and drop their files, and they will receive a validation report and a Power BI report that can be utilized for audit purposes.
Instead of struggling to extract complex XML data, we offer an automated approach for validation, analytics, and more.
Plus, DataSnipper offers me a great solution to automate and simplify audit work. This ties in seamlessly with our own vision to transform the audit.
Collaborate up to 3x more efficiently with a centralized workplace in Excel
Reduce menial tasks up to 90% with intelligent automation
Drive business impact and growth by boosting cost-efficiency by 50%