Auditing Cash Flow Forecasting Data Analysis Reconciliations 
Centage
SEPTEMBER 6, 2022
Excel does not have audit trail capabilities, so it is difficult to prevent fraud as numbers, and other financial data can easily be changed by any user. Without separation of duties or an audit that can track who has had access to the data, fraud can occur.
Centage
SEPTEMBER 6, 2022
Excel does not have audit trail capabilities, so it is difficult to prevent fraud as numbers, and other financial data can easily be changed by any user. Bank reconciliation: Because employees can quickly modify or change numbers, you may run into false reconciliations. Sensitivity analysis. Profitability modeling.
Expert insights. Personalized for you.
98 
Let's personalize your content