They’re nearly universally accessible, highly affordable, easy to learn, and just about everywhere.īut there’s no need to further celebrate the well-known strengths of spreadsheet software for basic business functions and the limited internal audit. To be clear, there is and will always be a place for Excel and the few alternative electronic spreadsheet programs on the market. The sheer number of businesses that built the foundation of their internal audit program with the world’s most ubiquitous spreadsheet tool is doubtlessly staggering.īut what is confusing is the status quo of using Excel for advanced auditing and data analytics when the tool is fundamentally ill-equipped to meet the complex requirements of such tasks. The power of Microsoft Excel for the basic audit is undeniable. Hint: It’s not the number of rows it’s the relationship with data.
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