Did you know that 24iValue can also be used by auditors! Well, yes - it is a tool created not only for accounting, but also for other people dealing with financial statements, including auditors.

Auditors often have already developed the audit systems. Unfortunately, as often the systems of working papers are composed of many complex spreadsheets, the fulfillment of which requires a real effort.

To calculate the discounted value of lease obligations, in Excel, you first need to create a very extensive table. If the auditor incharge will take with him an assistant (even experienced), may complete this table will take him all day. What's more - there is a high risk that he/she will introduce incorrect data to Excel - and the calculation of this entries will drag over time. Besides, we have confidence that even an experienced expert does not omit important for calculating the cell and makes a mistake.

24iValue, lease module consists of several screens - with clear instructions, which should be entered in the field. Isolated calculated level of significance, by providing a ready conclusion of the area. What's more - does not allow to leave any field without answers, so there is no risk that something will be missed by us!

Consider how much effort we put in the calculation of cash flows? Our file consists of a whole mass of bookmarks to eventually get pulled out of their data and provide cash flow. How much time we devote to fill in Excel? Is not it happened so that we missed some important operation in our calculations, spending more time on finding the error?

24iValue, cash flow module consists of just a few screens. Besides, it has a built-in self-monitoring (checks or properly enter data), can also serve as a kind of check-list: this way we will ensure that all events are included. Preparing a statement of cash flows in accordance with IAS 7 will take only half an hour.

And what about the employee benefits provisions? How many times have we had to wait for a report from an actuary, which our study is dragged over time. After all, not every audit client is well prepared for this task. There are also those a little more troublesome, from which to obtain any documents means long conversations? 24iValue calculates the provision for retirement bonuses without the help of an actuary!

How much stress before testing for impairment of fixed assets - after all, it is mandatory. However, our clients do not rarely have a problem with it, often because they have not any idea how to approach this testing. This test requires a great knowledge of financial mathematics - calculation of the WACC (weighted average cost of capital) and free cash flow often has the effect of "goose bumps". However, and here comes with the help 24iValue - and testing for impairment of fixed assets other than that, it becomes easy, that's feasible in about 30 minutes!

If you shorten the time to study and spent at the client - the client will simply be delighted and will certainly want to continue to work with you.

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