#Caseware idea full#
#Caseware idea software#

#Caseware idea software#

Phillip KaliatiвЂ™s responsibilities span software services and technical consulting in the areas of financial reporting, audit and data analytics. Meet our qualified CaseWare IDEA Data Analysts: Kreston Pretoria is the sole CaseWare IDEA Distributor for the Internal Audit, Corporate and Forensic Services markets in South Africa, Botswana, Lesotho, Namibia, Malawi, Mauritius, Mozambique, Seychelles, Swaziland, Zambia and Zimbabwe. All of the above is specifically catered to your industry and organisational needs. Our CaseWare IDEA services include internal audit and data analysis against best practices, classroom and on-site training, product support and complementary access to AuditNet, the global resource for auditors. We have the ultimate solution for you: CaseWare IDEA is a comprehensive, powerful and easy-to-use data analysis tool that quickly analyzes 100 percent of your data, guarantees data integrity and accelerates performing data analytics to enable faster and more effective audits.

IDEA can also be helpful in identifying unusual or strange items, testing the validity of items by cross-checking them against other information, or validating calculations.вЂќДЄdditional features include the ability to visually pinpoint patterns, trends and outliers based on the outcomes of tests to focus audit efforts.As a firm of external auditors, internal auditors, forensic specialists, finance professionals and data analysts, we know that understanding and analysing your organisationвЂ™s data can be challenging, costly and time consuming.

#Caseware idea full#

вЂњWith a built-in workflow, teams are empowered with a full suite of analytical tests for financial audits, that drive additional efficiency and again saves a great deal of time. вЂњOnce data is imported, IDEA protects source data integrity by only providing teams with read-only access,вЂќ Steyn added. IDEA allows audit teams to import information seamlessly and easily from almost any data source, in almost any format. Not only can teams easily sample within minutes but can also take advantage of over 100 audit functions for a robust analysis, including ageing, duplication detection and BenfordвЂ™s Law.вЂќ вЂњIDEA enables teams to save an enormous amount of time using built-in risk-based sample models that allow for systematic, random and monetary unit techniques, and prioritise areas of elevated risk. With IDEA, auditing teams can increase their data coverage, by investigating a large number of items and potentially covering 100% of the transactions,вЂќ he said.

вЂњIt does not matter whether it is due to an error or fraud вЂ“ if it is a material misstatement, auditors need to identify it. Steyn said that although auditors cannot be expected to identify 100% of fraud in all cases, they have an obligation to find material misstatements that would change the audit opinion. This is because of the explosion of the amount of data available to auditors, together with the fact that risk-based auditing is now the expected standard for external audits, as well as the focus on the analysis and management of risk thatвЂ™s applied within the risk-based auditing approach.вЂќ вЂњIt is now more important than ever for auditors to look at all of the data in the audit, rather than just a sample. вЂњAuditing teams spend a significant amount of time selecting samples and analysing clientвЂ™s data for audit engagements,вЂќ said Christiaan Steyn, Assurance Product Manager, CaseWare Africa. CaseWare Africa, a division of Adapt IT, has released details of its latest product addition, CaseWare IDEA Data Analysis вЂ“ a comprehensive powerful data analytics tool that guarantees data integrity, accelerates the performance of data analytics, and enables faster, more effective external audits.