IDEA Data Analysis v 11 What’s New? · What’s new in IDEA 11 IDEA is now a 64-bit application,...
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IDEA Data Analysis v 11 What’s New?
Transcript of IDEA Data Analysis v 11 What’s New? · What’s new in IDEA 11 IDEA is now a 64-bit application,...
IDEA Data Analysis v 11What’s New?
Who is AuditWare?AuditWare continually strives to deliver the very best data analytics and continuous monitoring solutions and services to clients in both Internal and External Audit, Fraud Investigation and Detection, Tax & VAT Assurance, and Business Process review.
Our History
Established in 1987, AuditWare is a national leader in supplying the most powerful data analytics software, and business process-related professional services to industries of all kinds, ranging from national and local government, through to private sector FTSE listed and sole trader organisations across the UK & Ireland.
AuditWare Systems Ltd is the Home of Data Analytics Software.
Our Mission
Our team of experts are committed to providing high quality customised solutions and training for vital business processes to ensure users obtain the maximum benefit from their investment in our products.
AuditWare takes great pride in the very high level of goodwill we have nurtured with all our customers and believe customer satisfaction has been key to our success.
Vision • Innovation • Value
A simple and intuitive import that lets the user select the engagement files they wish to import into IDEA.
The Working Papers import enhancements now guide the user directly to the engagement files present on their machine. The import automatically detects if Working Papers is installed, displays the available engagements to the user, and also permits importing of data files from the desired engagement.
Working Papers Import Usability Enhancements
A virtualised platform for auditors to work, collaborate, store and access files.
With its centralized, shared view of project data, CloudShare enables auditors to manage the audit process without multiple occurrences or copies of the same data source.
CloudShare equips auditors with the following capabilities:
y Authentication & Collaboration: User-based permissions to enable access and sharing of project files within IDEA CloudShare and CaseWare Cloud.
y Connect to CaseWare Cloud: A cloud-based location to upload, download and share project files.
Collaborative CloudShare Platform
IDEA subscribers will benefit from a growing library of SmartAnalyzer apps in Passport, the first of which is Exceptional Exceptions – General Ledger. This exciting new app leverages advanced audit intelligence and machine learning techniques to generate risk-based anomalies.
This app includes 24 general ledger financial audit tests that are assigned a priority score based on the risk level for that particular company. By aggregating the results of each weighted test for each transaction, IDEA can identify the riskiest transactions. Auditors can then review these transactions and select those that include in an audit sample and explore risk areas that require more attention.
Exceptional Exceptions - General Ledger
What’s new in IDEA 11
IDEA is now a 64-bit application, compatible with all modern operating systems. With the 64-bit IDEA, users will experience:
y Improved compatibility and interoperability with other 64-bit applications.
y Faster analysis that boosts overall performance.
Note: IDEA will no longer be supported for installation on 32-bit operating systems.
64-bit IDEA
Task Scheduler lets auditors automate periodic manual tasks, improving efficiency and freeing up more time to analyse results.
y Configure the system to run unattended manual processes, even outside working hours.
y Set up email notifications for successful task completion or failure.
y Send analytic results, alerts, detected anomalies, etc. during execution for real-time notification to managers, collaborators, etc.
Task SchedulerIDEA 11 provides access to IDEA Lab, a portal to a growing library of advanced audit technologies and prototypes, including:
y Integrated Python applications y AI and machine learning-based prototypes
y Advanced audit analytic utilities y Integration with external visualisation tools, and more
Access to IDEA Lab
Easy access and installation of apps and scripts through IDEA that are created by CaseWare.
This API will allow CaseWare audit experts to create any app that can be installed to IDEA and be available for users directly via the ribbon.Apps/Tests/Scripts supported by IDEA:
y Outliers (Machine Learning app) - IDEA Lab y Fuzzy Join IDEAScript - IDEA Lab y Currency Converter IDEAScript - IDEA Lab y Internal Audit Apps (Marketplace) y Exceptional Exceptions y Twitter Feed Sentiment Analysis
Customisable IDEA Ribbon
What’s new in IDEA 11
y CaseWare Accounting Package Imports Obtain data from supported accounting packages and standardize them into a single output consumable by IDEA. CaseWare supports various accounting packages, including Quickbooks, SAGE, ACCPAC, and others.
y Advanced Fuzzy Duplicate Identify multiple similar records within selected character fields to detect data entry errors, multiple data conventions for recording information, and fraud.
y Open Database Connectivity Driver Import, analyse, and interpret the latest IDEA data for third-party applications that support ODBC, including Tableau, Power BI, MS Excel and more. With the ability to further analyse, interpret and reveal more valuable insights within your IDEA data, you are empowered to make smarter, data-driven decisions.
Additional Features
www.linkedin.com/company/auditware www.twitter.com/auditware
DisclaimersIDEA and the IDEA logo are registered trademarks of CaseWare International Inc. and are licensed for use to AuditWare Systems Ltd. © 2019. All rights reserved.
© 2019 AuditWare Systems Limited. All Rights Reserved.
www.auditware.co.uk
Training Enquiries
+44 (0)1892 893964
Get in touchGeneral, Sales & Marketing
+44 (0)1892 512348
Unit EThe WineryLamberhurst VineyardFurnace LaneLamberhurstKentTN3 8EW
Technical Support
+44 (0)1892 701949
Our address
www.linkedin.com/company/auditware www.twitter.com/auditware
DisclaimersIDEA and the IDEA logo are registered trademarks of CaseWare International Inc. and are licensed for use to AuditWare Systems Ltd. © 2019. All rights reserved.
© 2019 AuditWare Systems Limited. All Rights Reserved.
www.auditware.co.uk
Training Enquiries
+44 (0)1892 893964
Get in touchGeneral, Sales & Marketing
+44 (0)1892 512348
Unit EThe WineryLamberhurst VineyardFurnace LaneLamberhurstKentTN3 8EW
Technical Support
+44 (0)1892 701949
Our address
www.linkedin.com/company/auditware www.twitter.com/auditware
