Top 10 Reasons Auditors should learn Python

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Source: https://xkcd.com/353/

Consider this list if you’ve been on the fence about learning Python.

  1. Data Analysis: Python is a powerful tool for data analysis, allowing auditors to sift through large data sets quickly and efficiently. Avoid row limits in Excel.
  2. Automation: Python can automate many repetitive tasks, saving auditors valuable time.
  3. Report Generation: Python can be used to generate detailed audit reports, making it easier to share findings. Visualization of KPIs and data is easy.
  4. Error Reduction: Automated processes reduce the risk of human error, leading to more accurate audits.
  5. Integration: Python can integrate with other tools and software commonly used in auditing.
  6. Flexibility: Python is a versatile language that can be adapted to a wide range of auditing tasks. Planning, Fieldwork, Reporting, etc.
  7. Community Support: Python has a large and active community, providing a wealth of resources and support for auditors learning to code. We can build an audit community of Python users! Join me.
  8. Machine Learning: Python’s machine learning libraries can be used to identify anomalies and patterns in audit data.
  9. Cost-Effective: Python is free to use, making it a cost-effective choice for audit departments. Audit analytics platforms can be expensive!
  10. Career Advancement: Learning Python can open up new career opportunities and make auditors more marketable. You may not be in audit forever. Python is transferable.

Contact us if you’re interested in learning Python…we can create custom learning plans as well.