Customer story
Moore Hong Kong
Learn how Moore Hong Kong's team now saves a full day on annual report reviews using the Financial Statement Suite
Moore Hong Kong, established in 1975, is amember firm of Moore Global and offers a wide range of services including audit, tax, accounting, and advisory. The firm provides innovative, client-focused solutions across sectors such as insurance and financial services, from start-ups to international listed companies. With a strong local presence and access to Moore Global’s international expertise, Moore Hong Kong ensures personalized service backed by a global network of around 600 offices in over 110 countries.
Same as all other audit firms, the process of reviewing financial statements was time-consuming at Moore Hong Kong since auditors relied heavily on manual procedures, working with physical copies of documents and using calculators for verification. This process required multiple layers of review by staff, managers, and partners, often taking up to two and a half days to complete the sanity check for a set of financial statements containing a hundred pages. In addition, clients would sometimes make changes to their financial statements without notifying the auditors, adding further complexity to the process. The firm needed a way to streamline its workflow, improve accuracy, and reduce the time spent on the routine sanity check processes.
In the past, I used my calculator for sanity check, but now with DataSnipper, everything is checked automatically. It’s a huge time-saver, especially for tying notes and checking prior year balances—it's like magic!
Moore Hong Kong implemented DataSnipper’s Financial Statement Suite (FSS) to automate and simplify the Financial Statement review process. FSS automated calculation checks and cross references withinthe financial statements and also compares comparative figures to prior yearfinancial statements. Auditors can submit digital copies after sanity check for manager/partner review without the need for manual calculations or physical documents. DataSnipper’s Version Compare feature also allowed the audit team to track undocumented changes efficiently. Without DataSnipper, the entire workflow for performing a sanity check on anannual report took about 2.5 days. With DataSnipper, the team at Moore HongKong is able to complete the sanity check in minutes.
The adoption of DataSnipper’s Financial Statement Suite has drastically reduced the time required for routine financial statement sanity check. Tasks that previously took days now take only minutes. This shift has significantly enhanced the accuracy and quality of financial statements while also providing the team with more time to focus on audit procedures that require higher-level analysis and decision-making.
Moreover, the improved efficiency has positively impacted the firm's work culture. Staff members especially the audit preparers now have more leisure time at their disposal, particularly during the busy audit season - improving work-life balance across the team. DataSnipper’s ease of use has also contributed to smooth implementation, with team members adapting to the new software and appreciating its functionality.
With the usage of the platform mandated within the audit team, Moore Hong Kong remains confident in the platform’s ability to further streamline audit procedures.
Moore Hong Kong's team now saves a full day on annual report reviews using DataSnipper. They complete the process in just minutes, down from the previous 2.5 days without the Financial Statement Suite.
Auditors now enjoy more leisure time, particularly during the busy audit season—improving work-life balance across the team.
Implementation of the Financial Statement Suite has improved the accuracy and quality of financial statements. It has also given the team more time to focus on audit procedures that require higher-level analysis and decision-making.
