Ideagen Audit Analytics Reviews & Product Details

Of all the features of Ideagen Audit Analytics, what I appreciate most is the unparalleled comprehensiveness and granularity of its data.

The database is exceptionally thorough, encompassing virtually all data points related to the audit and financial reporting ecosystem. It's not just broad in scope; its true power lies in the depth of detail for each data category.

This granularity transforms raw data into actionable intelligence. For example:

Audit Issues: It doesn't just flag that an issue exists. It allows you to drill down into the specific nature of the problem—whether it's related to revenue recognition, internal controls over financial reporting (ICFR), inventory valuation, or another specific accounting area.

Audit Fees: You can access the total audit fee, but also break it down into its components, such as fees for the audit itself, audit-related fees, tax compliance fees, and other advisory services.

This level of detail is invaluable. It enables precise benchmarking, trend analysis, and root-cause investigation, moving beyond the "what" to understand the "why" and "how." This depth and breadth make it an indispensable tool for in-depth audit research, risk assessment, and strategic decision-making. Review collected by and hosted on G2.com.

As a beginner, I find that certain aspects of Ideagen Audit Analytics are not very user-friendly. For example, the definitions of variables are provided in a separate downloadable file rather than being directly integrated into the platform, which can make it less convenient when navigating the data for the first time. Review collected by and hosted on G2.com.

I really like how Ideagen Audit Analytics provides detailed and well-organized data on audits, internal controls, and financial restatements. It’s a reliable source that saves a lot of time compared to manually collecting information and helps with consistent, high-quality research. Review collected by and hosted on G2.com.

Sometimes the interface feels a bit dated, and it’s not always clear how to access certain specific datasets. It would also help if the pricing or data access options were explained more transparently on the website. Review collected by and hosted on G2.com.

one of the best databases on wrds. companies and data are easy to find and I love that there are so many glossaries for all the data feeds. I also like to campaigns you make by sending people to conferences, as it also gives direct contact with you. so far, I like it.

the customer support is also very detailed. probably it can take some time, but overall I like it: they always try to to provide explanations that are as detailed as possible. Believe me: this is not common to all database providers. Review collected by and hosted on G2.com.

The glossaries sometimes lack additional details, like a proper explanation of some variables. plus, companies may have more audit fees and audit opinions for the same fiscal year: a proper explanation of why such an event occurs for each "extra" observation for each company fiscal year may be helpful. Review collected by and hosted on G2.com.

It is quite useful on how Ideagen Audit Analytics enables us to easily pinpoint out any suspect areas or possible problems with our audits. The ease of making compliance tracking manageable across several departments is also an added advantage. Thus, it assists our team in overseeing the audits effortlessly. Also, it has eased the work of coordinating various departments and makes all of us understand and adhere to the laid down goals and objectives and this has highly enhanced internal communication within this organization. Review collected by and hosted on G2.com.

Ideagen Audit Analytics doesn’t have serious limitations, however a few of the highlights aren’t as responsive as I might want. Let me use automating reminders and alerts as an example, there is often a delay between when my alert should happen and when I actually see the notification. That can prove to be a problem when we are in critical audit phases needing real time updates. This is a small issue, but it can delay things when we have a short timeframe. Review collected by and hosted on G2.com.

In my particular case, I requested data I needed for a study that was not readily available in any of the available databases. Even though my request was sent out in the middle of the holidays, my request was fulfilled quickly, so I was still able to finish my study report before my deadline. Review collected by and hosted on G2.com.

Prior to requesting the data for my replication study, I could not find the data I needed, even though I had clear instructions to collect the data from an Audit Analytics database, which was a bit frustrating. However, after contacting the support team, they were quick to assist me with my needs and they explained why the dataset I needed was not available in any of the regular databases, which made up for the prior. Review collected by and hosted on G2.com.

The user interface is easy to use. Data is comprehensive. Also I can easily find customer support. Review collected by and hosted on G2.com.

UI can be more fancy. Also can include more data. Review collected by and hosted on G2.com.

One such highlight of Ideagen Audit Analytics is its automated workflows. They take away the repetitive task allowing me to focus on the things that are more strategic in terms of auditing. Some example of this would be that automated data collection and data verification have greatly reduced manual work. Secondly the risk assessment tools are also top notch. This helps in quickly identifying and prioritizing the risks effectively, with the focus on the critical areas. Review collected by and hosted on G2.com.

It has a complex and time consuming setup. It involves a great knowledge of what the software can accomplish and how it should be manipulated for a given requirement. More importantly, the user interface could be enhanced more. It’s functional and yet at times feel cluttered which is making it a little bit impossible to navigate. The last is that the integration with other tools could also be smoother. Connecting with external systems is sometimes hiccups, workflows will pause until the remote system gets answered. Review collected by and hosted on G2.com.

Audit Analytics emailed me an important dataset even after it was retired which was a big help. Review collected by and hosted on G2.com.

Data could be a bit better explained in the data dictionaries. Review collected by and hosted on G2.com.

Instant intel on audit spending, who's who, audit flag detail, and tons of great information about our prospects (and customers).

The US and Canada data is extremely good - easy to rely on the intel, always current. Exporting is very easy. Review collected by and hosted on G2.com.

Wish it were cheaper, can be overwhelming if new to the platform. Bit of a learning curve to know where to look and how to search. Review collected by and hosted on G2.com.

They provide a reliable service of data that is useful. Review collected by and hosted on G2.com.

Some feeds are not updated as regularly as would be ideal Review collected by and hosted on G2.com.