![]() ![]() You can draw comparisons between your current year and previous years, based on your preference, and take key decisions accordingly. In TallyPrime you can simply drill down to each report and scrutinise various options that play a huge part in company’s finances. The data analysis and verification tools help auditors audit/perform various checks that will help business owners/accountants find inaccuracies and fix them. Data Analysis will help in identifying exceptional areas and thereby ease the process of verification. This is done to ensure that all your transactions match your books and there is no discrepancy in the financial statements/records.ĭata Analysis facilitates conducting internal analysis and verification of the company’s financial data. Importance of analysis and verification and how it’s done in TallyPrimeĪuditing is nothing but a process of verifying the pre-filled entries of various transactions. In all cases where an auditor's name is associated with financial statements, the auditor should clearly indicate the character of the auditor's work, if any, and the degree of responsibility the auditor is taking, in the auditor's report. When the auditor cannot express an overall opinion, the auditor should state the reasons in the auditor's report.
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