Top 10 Reasons Auditors should learn Python
Image Source: https://xkcd.com/353/
Consider this list if you’ve been on the fence about learning Python.
- 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.
- Automation: Python can automate many repetitive tasks, saving auditors valuable time.
- Report Generation: Python can be used to generate detailed audit reports, making it easier to share findings. Visualization of KPIs and data is easy.
- Error Reduction: Automated processes reduce the risk of human error, leading to more accurate audits.
- Integration: Python can integrate with other tools and software commonly used in auditing.
- Flexibility: Python is a versatile language that can be adapted to a wide range of auditing tasks. Planning, Fieldwork, Reporting, etc.
- 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.
- Machine Learning: Python’s machine learning libraries can be used to identify anomalies and patterns in audit data.
- Cost-Effective: Python is free to use, making it a cost-effective choice for audit departments. Audit analytics platforms can be expensive!
- 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.