Auditmetrics® Computer/Person Partnership    
                               The U.S. Government is Conducting a Data-Driven Audit

For better or worse this is a trend that is bound to increase especially when AI and sophisticated analytic methods become part of the process. Auditmetrics® has been on both sides of the audit process especially in the area of Computer Assisted Audit Techniques (CAATs) which includes periodic statistical audits to monitor account performance.

This increase in AI and statistical analytics will mean a business must protect its home base by periodically conducting its own internal audit and track record of account statistical performance that conforms to AICPA and IRS standards. Auditmetrics was developed in Massachusetts where the law regarding the statistical audit was very simple, it must conform to IRS standards.

The audit is the first step in the triad of auditing, forecasting and market research. Statistical analytics are multi-potential tools ideal not only for this trad but is also the foundation of data mining.

Auditmetrics AI interprets a knowledge base to guide the user in solveing business problems.

Software, Book and Historical Review:
Auditmetrics Logo Springer Partner YouTube Partner IRS Partner

     AuditmetricsAI Pro has analyzed millions of account transactions on a Microsoft Surface Laptop.
     Its algorithm efficiency is ideal for small business, students and consultants who need to be mobile.

  Overview-Auditing, Forecasting, Market Research: Free Small Business/Learning V6.5 Download*
           From Microsoft Store:
HyperLink HyperLink
         for Microsoft's  Professional AI V6.5:  Learnig Materials & Practice Datasets:
 
HyperLink HyperLink

V6.5 Pro can sample accounts with milions of records
also includes forensic accounting using Benford Formula
& ideal for longterm Forecasting.

Professional Version includes Eleaor Winslow's book
"Forecasting Revenue and Expenses for Small Business"
and slides used in Boston University classes.
Contact e.winslow@auditmetrics.com

* Windows 10 & 11  Operating System Required
Microsoft Store may download Windows updates
needed to meet Auditmetrics performance.
Those with older legacy Windows contact support
for help.
            tree of knowledge

What is Unique About Auditmetrics as Compared to Other Financial Software:

  • Auditmetrics focuses on statistical analytics, which is beneficial for organizations looking for rigorous and mathematically sound audit processes and data mining.
  • The AI feature in Auditmetrics guides users through statistical audits, forecasting and market research, which can be particularly helpful in expanding analytics capabilities and competitiveness.
  • Data input flexibility in that it accepts data from various accounting management systems like QuickBooks, which enhances its versatility for different business sizes and types.
  • Auditmetrics provides educational materials, such as a self-learning "Student Tutorial" with companion PowerPoint slides.
  • In addition to following AICPA and IRS statistical audit standards, AuditmetricsAI V6.5 is certified by Microsoft.
  • Health benefit financial administration augmented with studies involving health outcomes.
  • Auditmetrics AI Pro efficiency can analyze data sets on a laptop ideal for small business and students

Auditmetrics has aways been very versitile in its service to its clients: We do our best to keep up with new advancements such as the increasing use of data and statistical analytics in enhancing profit and loss performance. A recent article by Gary Schoeniger in Forbes Small Business Newsletter: "Five Reasons Small Businesses Fail, And How To Avoid Them". One recommendation is

           Springer PartnerDITCH THE BUSINESS PLAN!

Schoeniger states his premise in admittedly controversial terms to emphasize that the formal business plan process can rely too heavily on logic and easily create a false sense of confidence. Advancements in AI and statistical analytics allows for greater data driven testing of ideas. The key is to obtain unbiased assessments of proposed activity.

           Forbes Newsletter Full Article



Table of Contents

Springer Publishing:
AI Assisted Business Analytics-
Techniques for Reshaping Competitiveness



Part I Auditmetrics Overview

Business Prosperity
  -Three Essentials for Small Business to Prosper
  -Consumer Feedback Mechanisms
  -Analytics Case Studies
  -Causes of Cashflow Problems
  -Setting Up Measurable Audit outcomes

Part II The Statistical Audit
    -Statistical Audit Design
    -The Sales Tax Audit
    -Forensic Accounting Using the Benford Formula

Part III Forecasting Revenue and Expenses
    -Financial Projections
    -Planning Expenses and Investments

Part IV Market Research Principles
    -Market Research for Small Business

Appendices
  I The Statistical Method Overview
  II Converting QuickBooks® Standard Reports into Auditmetrics® Data
  III Creating a Relational Database with MS Access
  IV IRS Statistical Audit Directive
    -Relative Precision Sliding Scale Confidence Interval
  V Create Auditmetrics data using MS Access


Auditmetrics Healthcare and Public Health Background:    Auditmetrics Public Health