TBC Information Network

Teal, Becker & Chiaramonte offering valuable insights, impressions and commentary on today's financial and business world.

Data Analytics

By employing data analysis software, we can efficiently analyze large volumes of an organization’s financial data. Anomalies and red flags revealed from the tests employed may indicate overrides of the organization’s rules, policies and internal controls; mistakes or errors, such as duplicate payments or missed billings;  gaps in controls; design deficiencies; needed process improvements or fraudulent activity. By identifying and addressing such issues, an organization can improve its bottom line and protect its assets. Data analytics can be employed in conjunction with our internal control consulting services or forensic accounting investigations, as well as on a stand alone basis. For example, someone joining an organization’s Board of Directors may opt for data analytic techniques to identify potential issues before joining the Board.