Better Business Through Data Analysis & Monitoring

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1 CaseWare Analytics is an industry leader in providing technology solutions for audit and finance professionals, with over 400,000 users worldwide. Better Business Through Data Analysis & Monitoring 469 King Street West, Toronto, Canada M5V 1K4 Tel: Ext: 2803 CaseWare Analytics TM CaseWare International Inc. IDEA is a registered trademark of CaseWare International Inc.

2 Quickly import large data sets from practically any source, including ERPs, spreadsheets and PDFs. With a holistic view of data sets, you can identify and analyze every transaction or event. IDEA is a powerful and user-friendly tool designed to help audit and finance professionals improve their auditing capabilities. Easy to learn and use, IDEA offers 100% data coverage, guaranteed data integrity and easy analysis with 100+ audit-specific commands. It simplifies the work of importing and analyzing data to help you report and deliver actionable results. IDEA Work Flow Import, analyze, and report with ease. Guaranteed Data Integrity With read-only access, IDEA helps ensure the accuracy of audit assessments and disclosures in published financial statements. Simplified and Repeatable Analysis You can use audit-specific commands that easily look for duplicates, detect gaps in numeric sequences, group data by categories and filter numerous rows and columns of information within seconds. IDEA allows you to automate repeatable tasks without programming and provides an interactive audit trail that shows a graphical history of actions performed during your analysis. You can document analysis procedures for future use and save time on repetitive tasks. Use IDEAScript or Visual Script The real value of using data analytics is that it allows you to see fraud schemes that would be impossible to detect manually. IDEA Tasks Ribbon: Provides 100+ audit-specific commands to quickly perform tasks and get results in seconds. Phil Hurd, CISSP, CISA, Chief Audit Executive, Georgia Institute of Technology, USA Data Analysis Get the Complete Picture

3 Data Analysis SmartAnalyzer is a collection of basic audit tests and reports that can be used on every audit engagement to boost productivity and improve audit quality and consistency with minimal training. The solution offers an extensive set of routines for analysis of general ledger, accounts receivable, inventory, fixed assets and accounts payable transactions. General Ledger Identify Journal Entries which are: Out of Balance Duplicates Missing Posted on Weekends, Specific Dates or Times Accounts Receivable Aging by Due Date or Invoice Date Accounts with Balances or Transactions Exceeding Credit Limits Accounts with Credit Balances Reports and Summaries by: User Account Combinations Large Amounts Rounded Amounts Accounts that end in 999 Specific Comments Account Number Period or Source Account Balances by Source or Period Transactions Around a Date Range Duplicate Transactions Debtor Transaction Summary Data Analysis Easy to Use and Implement Implementing SmartAnalyzer for use in our audits has provided benefits in both time savings by not having to go through the manual sampling process and achieving a higher quality work product through testing the entire population. It has really helped Baker Tilly in our world class audit focus. Simply open the file, choose the tests you want to run, then tag the required data fields and review the results. Tests included in SmartAnalyzer. Accounts Payable Aging by Invoice Date Duplicate Invoices or Payments Creditors with Net Debit Balance Creditors with Balances or Transactions Exceeding Credit Limits Creditor Transaction Summary Fixed Assets Fixed Assets Additions Asset Category Summary Recalculate Straight Line Depreciation Inventory Aging by Receipt Date Recalculate Inventory Balance Calculate Inventory Turnover Ratio Calculate Unit Turnover Ratio Zero or Negative Unit Cost Negative Quantity on Hand Invoices without Purchase Orders Posted on Weekends, Specific Dates or Times Transactions Summarized by User Transactions with Rounded Amounts Duplicate Field Search Recalculate Declining Balance Depreciation Depreciation Exceeding Cost Duplicate Field Search Inventory Location Summary Large Inventory Amounts Inventory Received Around a Specified Date Last Sales Price Lower than Unit Cost Compare Sales Price with Unit Cost Duplicate Field Search

4 Collaborative Analytics Ideal for collaboration and organizations that need additional data security. IDEA Server takes IDEA task processing off the desktop and puts it on the server to process larger data sets -- all within the familiar IDEA user interface. Data Protection Data is centrally stored in a secure server environment and streamed to the desktop based on user access. Permissions can be set to allow access to only specific personnel to ensure confidential audit project data remains private. All user activities can be tracked via integration with Microsoft Active Directory. Enterprise-Wide Collaboration With a single point of access to data drawn from multiple systems along with the accompanying analytics, the audit team can make synchronized decisions based on accurate information. You can retain audit expertise, avoid data redundancy and prevent duplicated audit efforts by securely sharing flies in a central repository. Fully Scalable Easily add users as the needs of your business change. Collaborative Analytics With IDEA, we substantially increase our audit coverage by joining databases from different platforms in a standardized format to perform detailed analyses. We can also review large datasets efficiently, which, from an audit perspective, is invaluable. Tim MacNeil, Former Mgr., Enterprise Risk and Compliance, Jazz Aviation LP, Canada

5 Continuous Monitoring Enterprise controls monitoring to help improve decision making. With continuous monitoring, you gain comfort in knowing that issues are actually being rectified. Grant Katz, Chief Audit Executive, Metcash, Australia More Efficient Audits and Monitoring of Controls The move from periodic to ongoing auditing allows internal audit to meet the increasing expectations from audit committees and executive management. Data feeds and analysis can be automated and repeated as needed allowing for more time to analyze significant risks. Loss Prevention & ROI Improved reaction time provides the business with a greater opportunity to proactively resolve issues and prevent revenue leakage. The organization can achieve greater profit potential while lowering audit and compliance costs. Make Better Business Decisions Business executives can improve decision making abilities with access to real time audit insights, increasing the overall success of the organization. The solution automatically detects errors or abuses across multiple business systems and delivers proactive alerts with resolution guidelines to business stakeholders throughout the organization. Audit benefits from a sustainable feedback mechanism to improve both controls and the associated business processes. CaseWare Monitor Dashboard Continuous Monitoring

6 The software solution for auditing SAP data quickly and easily. Straightforward SmartExporter simplifies the extraction of SAP data for review and analysis. The solution resolves many common issues associated with transferring SAP data outside the software s environment, such as security, data capacity and timing of data downloads. Once you configure the data request defining the tables, fields and filters, you can save it as a favorite and reuse it whenever you need. 3-Step Process 1 Select from standard lists of SAP tables and fields or upload your company s customized list. SAP Import With IDEA s ability to import many different types of large data formats (millions of records) and user friendly predefined functions, it has become our essential work tool. RNDr. Maya Mašková, Manager of Internal Audit and Control Department, Allianz pojišt ovna, a.s., Europe Quick With this Windows based application, the data request is not generated in SAP, but on the user s computer. Data requests are generated in a Window s based desktop, scheduled for immediate download or for a specific time during off-peak business hours and saved for repeat use. Output formats include IMD (IDEA), CSV, Microsoft Access, TXT, AIS, and files formatted according to the default data structure. Safe and Secure SmartExporter offers user access permissions to prevent SAP data from being modified. All actions are recorded using a unique ID to ensure maximum transparency. 2 3 Add filters to the data request to narrow the scope. Display status of download. SmartExporter is developed by Audicon GMBH, an SAP Certified Partner SAP Import