CaseWare Monitor

Presented by: [Dan Netanyahu][CEO][IACS]

What is Monitor?A framework that enables continuous visibility into business

processes, allowing stakeholders to identify and manage high risk situations, prevent fraud and money leakage and achieve compliance

and revenue optimization.

Framework – Consistent regardless of Application

Continuous Visibility – Across Businesses, Systems, Data

Business Processes – Monitor any Operational Entity

Stakeholders – Management, BPO, I/E Audit, Finance

Identify – Active Detection

Manage – Controls with BPOs

Risk – Issues that affect the Business

Fraud – Material Gain outside the normal course of business

Money Leakage – Operational Loss due to Inefficiency, etc

Revenue Optimization – Tangible Gain from Improvements

Periodic AuditsC

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Source: Continuous Auditing From a Practical Perspective, Kevin Handscombe

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ActualExpectedEffectiveness

Continuous AuditsC

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Source: Continuous Auditing From a Practical Perspective, Kevin Handscombe

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ActualExpectedEffectiveness

Consider the Following

• A Cashier was acting as a Supervisor last week.• She had access to discount, change prices, etc.• This week, IT reassigned the Cashier role to her, but the

Supervisor role was not removed.• She can now do both Cashier and Supervisor functions.• Normal discounts are below 5% and amounts are below $100.• She enters and approves excessive discounts at the point of

sale for friends and family.• In 5 days the company loses US$7,300.

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Without Monitoring

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With CaseWare Monitor

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Why not Detected?

• There is nothing suspicious about her physical activities.• A security guard at the door cannot check prices.• She is abusing 1 in 2,000 of her transactions and 1 in 400,000 transactions

across all stores.• The Cashier’s Till reconciles at the end of day.

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Too Little, Too LateIt takes an average of 342 days to detect a fraud, at which point 89% of all proceeds are unrecoverable.

KPMG Forensics Fraud Survey

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Continuous Controls Monitoring

• Monitoring business data to prevent losses.• Advanced notification and alert systems.• Escalation of unresolved issues.• Manage alerts to closure.• Single portal for the enterprise.• Facilitate numerous roles in resolving the issues.

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The CaseWare Monitor Concept

Configuring the Remediation Workflow

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CaseWare Monitor Client

Startup Splash Screen

Login Screen

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Main User Dashboard

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Main Reporting

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Workflow and Remediation

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Reassigning Exceptions

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Audit Trails

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Enquiries:

[Dan Netanyahu][IACS]

[dan-n@iacs.co.il, 052-6358811]

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