How to validate prior year consistency with the Financial Statement Suite

Easily review the previous year amounts in the financial statement. Quickly compare two financial statements and automatically search and validate the corresponding amounts between the different years

About the Financial Statement Suite

The financial statement suite is a paid platform module. Designed to perform and review financial statements. Increase audit quality, while boosting efficiency. Leverage DataSnipper's AI and automation technology to increase your audit quality and efficiency.

 

Choose your Financial Statement Suite version to learn more about validating Prior-Year Consistency:

👉 DataSnipper version 4.0

👉 DataSnipper version 4.1 and later

 

DataSnipper v4.0 - Validating prior-year consistency

  1. Begin by clicking the Financial Statement Suite button in the top right-hand corner of the DataSnipper tab within excel.
  2. Click 'Next' from the 'internal consistency' tab or select the 'prior year consistency' tab within the Financial Statement Suite window to move onto verifying the prior year consistency.
  3. DataSnipper will add a green highlight to prior year amounts which it suggests are consistent, you can hover over these amounts to see the corresponding figures in the prior year financial statements displayed in the 'Previous Year' view window in the bottom right corner.
  4. If you agree that the amounts are consistent then click the amount to insert the 'agrees to PY' tickmark.
  5. You can also right-click to add findings, highlights or to clear a tickmark.

Prior year

Please note that the Financial Statement Suite is a separate paid add-on module and supported by DataSnipper version 4.0 and up.

 

DataSnipper v4.1 - Validating prior-year consistency

  1. Begin by clicking the Financial Statement Suite button in the top right-hand corner of the DataSnipper tab within Excel.
  2. Select the 'prior year consistency' tab within the Financial Statement Suite window to move onto verifying the prior year consistency.
  3. DataSnipper will automatically add a blue tickmark to prior year amounts that are consistent. You can hover over these amounts to see the corresponding figures in the prior year's financial statement displayed in the 'Prior Year' on the right side of the screen.
  4. On the findings sidebar, DataSnipper will automatically highlight all the amounts that are not consistent with the prior year's financial statement.
  5. You can click the highlighted findings to add comments, change/remove tickmarks, or add customize tickmarks.
    PYC v4.1

Please note that the Financial Statement Suite is a separate paid add-on module and supported by DataSnipper version 4.0 and up.