The following whitepapers are offered as part of our AuditWare Whitepaper research series. Click on the link to be taken to the whitepaper’s download page.
Combat Fraud Using Audit Analytics
ACFE’s 2018 Report to the Nations – Global Study on Occupational Fraud and Abuse recently revealed that, globally, the rate of occupational fraud affecting organisations has risen sharply in the last two years, from £4.7bn ($6.3bn) to £5.3bn ($7bn), with a median loss per case now sitting at £99,000. The median loss per case was even more significant for small businesses with <100 employees sitting at £152,000.
From employee abuse of company cards through to simple theft, data analytics can have a significant role to play in early-warning, detection, and monitoring of fraud.
Six Steps to an Effective Audit Function
Clients, customers and investors alike have little tolerance when controls fail to reveal erroneous data used in operational decisions and financial reporting. Undetected errors in systems and data can also yield opportunities for fraud and abuse. The best tool that can be used to determine the reliability and integrity of information systems is data analysis software.
When properly used by trained staff, data analysis software can be incorporated into audit plans to provide assurance and consulting services related to your organisation’s information systems and thus becomes the true cornerstone of an effective audit foundation.
Forget Excel! Five reasons to switch to a real Data Analytics solution
When it comes to auditing and fraud detection, spreadsheets are one of the most popular tools because they are both familiar and convenient. Most spreadsheet applications, however, aren’t designed to handle large data sets, automate analysis or import data from a variety of sources—all functionalities that auditors and other financial professionals often need.
Professional-grade data analytics tools, CaseWare IDEA® Data Analysis software, offer these core capabilities and more to help make audits more effective and efficient. Download your free eBook for the five reasons you should be using a professional-grade data analytics tool rather than standard spreadsheets.
Data Analytics – The Key to Risk-based Auditing
To ensure organisations reach their objectives, it is imperative that internal audit reviews the controls in place to reduce the risks their companies face. In order to distinguish this process from ‘traditional’ internal auditing, the term ‘risk-based internal auditing’ was coined.
Our free eBook will tell you how auditors can assess, respond to, and analyse the risks they encounter during a risk-based audit using specialised data analysis techniques and technologies.