The DataSnipper Financial Statement Suite (FSS) is an AI-powered add-on module designed to automate and streamline the analysis and documentation of financial statement procedures for audit and finance professionals. Integrated with Excel, FSS centralizes projects, enables instant access and sharing, and leverages advanced algorithms to verify mathematical accuracy, review internal consistency, and compare financial statements across periods. The suite supports collaborative workflows, custom tickmarks, and version control, allowing teams to efficiently validate figures, document findings, and maintain compliance. FSS is regularly updated, with recent versions introducing enhanced calculators, improved tickmark management, and flexible file storage options, further boosting productivity and standardization in financial statement reviews.

Key Features

Mathematical Accuracy Verification Automatically checks and suggests valid totals and errors in financial statements.

• Built-in calculator for complex calculations and % deviation checks.
• Editable suggestions for user-driven accuracy.

Internal Consistency Review Cross-references amounts within financial statements for consistency.

• Automated checks for deeper assurance and accuracy.

Version Comparison Highlights changes between financial statement versions.

• Automatically compares prior year amounts and validates corresponding figures.

Centralized Workspace Stores all FSS projects in one location, with personal and team access controls.

• Auto-saves progress and supports import/export for collaboration.

Custom Tickmarks and Documentation Allows creation of custom tickmarks and detailed documentation.

• Pop-up window for tickmark details, comments, and references.

Flexible File Storage Configurable project storage locally or in the cloud.

• Supports desktop and shared folders (e.g., SharePoint).

Benefits

Efficiency and Productivity Automates repetitive financial statement procedures, saving time.

• Reduces manual calculations and document review[1][2][3].

Accuracy and Quality Improves the accuracy of financial statement analysis and documentation.

• Advanced AI features minimize errors and standardize procedures[1][2][4].

Collaboration and Transparency Facilitates team collaboration and audit trail generation.

• Import/export features and version control support seamless teamwork