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The Things You Need to Know About IDEA 10
James Loughlin – AuditWare Systems Ltd
25th June 2019
• Introductions
• IDEA – Changes Since the Last Irish User
• IDEA 10 – Advanced Analytics
• IDEA 10.4.1 – The Best IDEA Yet!
• New CaseWare IDEA Guide
• Other News
• Q & A
• End
Agenda
• Introductions
• IDEA – Changes Since the Last Irish User
• IDEA 10 – Advanced Analytics
• IDEA 10.4.1 – The Best IDEA Yet!
• New CaseWare IDEA Guide
• Other News
• Q & A
• End
Agenda
Introductions
• James Loughlin
▪ Head of Technical & Training Services
▪ Joined AuditWare Systems in 2009 as a software trainer and technical consultant,
▪ Background in data analytics.
▪ Heads up the Technical and Training areas of AuditWare Systems, steering the changes of direction in CAATS education and services.
▪ Ardent advocate of Computer Assisted Audit Techniques and Tools, providing varying levels of training and consultancy, as well as speaking at various events on the benefits of audit analytics.
Introduction
• AuditWare Systems
▪ Established in 1987, AuditWare helped to introduce and develop computer assisted audit techniques to the UK and Ireland, and is a national leader in supplying the most powerful data analytics software available, globally.
• Provided solutions to audit professionals for more than 30 years
• Training over 25,000 professionals
• Consulting team with extensive experience and best practice knowledge
• Targeted focus on Audit, Tax, Finance, Fraud, Risk and Compliance - Continuous Monitoring.
Introductions
• CaseWare Family
EngagementManagement
Risk ManagementFinancialReporting
Data Analytics
Monitoring
CaseWare Solutions
IFRS, GAAP, GASB, XBRL, SAP ETL, P2P, O2C, Purchasing Cards, Payroll & HR, Fraud Management, Collaboration, Revenue Assurance, Reconciliations, Continuous Auditing and Monitoring
Introductions
• CaseWare Product Suite
• Introductions
• IDEA – Changes Since the Last Irish User
• IDEA 10 – Advanced Analytics
• IDEA 10.4.1 – The Best IDEA Yet!
• New CaseWare IDEA Guide
• Other News
• Q & A
• End
Agenda
IDEA – Changes Since the Last Irish User Group
• IDEA 9
▪ Electronic Licensing• Single User
• Concurrent
• Corporate
▪ New look and feel
▪ New database structure – speed improvements
▪ New way of organising your data with the Library
IDEA – Changes Since the Last Irish User Group
• IDEA 9
▪ Time Fields• Virtual Time and Editable Time field types - @Ctot, @Ntot, @Ttoc, and @Tton
▪ New Benford’s Law Analysis Tests• Second Order, Summation,
IDEA – Changes Since the Last Irish User Group
• IDEA 9
▪ Fuzzy @Functions• @SimilarWord, @SimilarPhrase
▪ SmartAnalyzer Automated Reporting Framework• Specific Apps
• Workflows
• Data Requests
• Data Preparation
• Automated Routines
• Reporting Functionality
IDEA – Changes Since the Last Irish User Group
• IDEA 9▪ SmartAnalyzer Automated Reporting Framework
IDEA – Changes Since the Last Irish User Group
• IDEA 9▪ SmartAnalyzer Financials App
• Introductions
• IDEA – Changes Since the Last Irish User
• IDEA 10 – Advanced Analytics
• IDEA 10.4.1 – The Best IDEA Yet!
• New CaseWare IDEA Guide
• Other News
• Q & A
• End
Agenda
IDEA 10 – Advanced Analytics
IDEA 10 – Advanced Analytics
IDEA 10 – Advanced Analytics
IDEA 10 – Discover & Visualize
IDEA 10 – Advanced Analytics
• Fuzzy Duplicate Detection
▪ Identifies multiple similar records within a selected Character field or up to three Character fields. Similar records are identified and then grouped based on their similarity degree.
Fuzzy Duplicate task detects:
• Data entry errors (e.g., "Compny" instead of "Company").
• Multiple data conventions for recording information (e.g., "J P Smith" vs. "John Peterson Smith").
• Fraud (e.g., similar addresses/ names), or invoice numbers 1234 and 1234a etc.
• Character Field Statistics
▪ Number of Categories, Number of Blank Cells
IDEA 10 – Advanced Analytics
• New & Improved Stratified Random Sampling
▪ Identifies multiple similar records within a selected Character field or up to three Character fields. Similar records are identified and then grouped based on their similarity degree.
IDEA 10 – Advanced Analytics
• IDEA Passport
• Introductions
• IDEA – Changes Since the Last Irish User
• IDEA 10 – Advanced Analytics
• IDEA 10.4.1 – The Best IDEA Yet!
• New CaseWare IDEA Guide
• Other News
• Q & A
• End
Agenda
IDEA 10.4.1 – The Best IDEA Yet!
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• IDEA ODBC Drivers
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IDEA 10.4.1 – The Best IDEA Yet!
• IDEA ODBC Drivers
IDEA 10.4.1 – The Best IDEA Yet!
• ODBC Drivers
IDEA ODBC DRIVERS
IDEA 10.4.1 – The Best IDEA Yet!
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IDEA 10 – IDEA Import Assistant
IDEA 10.4.1 – The Best IDEA Yet!
IDEA 10 – SAP Smart Connector + Pre-built Analytics
IDEA 10.4.1 – The Best IDEA Yet!
IDEA 10 – SAP Smart Connector + Pre-built Analytics
IDEA 10.4.1 – The Best IDEA Yet!
Accountancy Software Import Solution
• 60+ Accountancy Software Packages including:
▪ Sage
▪ Quickbooks
• First build extracts:
▪ General Ledgers
▪ Journals
▪ Trial Balances
ACCOUNTANCY SOFTWARE IMPORT SOLUTION
IDEA 10.4.1 – The Best IDEA Yet!
Python Integration
• IDEA version 10.3 and above include a Python Interpreter and key packages to let you leverage the advanced capabilities of one of the programming languages of choice with Data Scientists.
• Python Integration
▪ Machine Learning & Artificial Intelligence Capabilities
▪ Algorithmic
• Rule based with classification (e.g. if this then that)
▪ Machine Learning (ML)
• Unsupervised (unlabelled data)
• Supervised - (labelled data)
• Reinforced
▪ Deep Learning
• All of the above combined(plus more) processed in advanced neural networks
IDEA 10.4.1 – The Best IDEA Yet!
Pic Credit: Linked IN | Machine Learning vs Deep Learning
IDEA 10.4.1 – The Best IDEA Yet!
• Python Integration
▪ Solutions now available
• Outliers (Machine Learning – OVSM, LOF, Isolation Forest)
• Word Count
• Fuzzy Join
• @Python
PYTHON SOLUTIONS
IDEA 10.4.1 – The Best IDEA Yet!
• Charting Enhancements
• Introductions
• IDEA – Changes Since the Last Irish User
• IDEA 10 – Advanced Analytics
• IDEA 10.4.1 – The Best IDEA Yet!
• New CaseWare IDEA Guide
• Other News
• Q & A
• End
Agenda
New CaseWare IDEA Guide
New CaseWare IDEA Guide
New CaseWare IDEA Guide
New CaseWare IDEA Guide
New CaseWare IDEA Guide
• Introductions
• IDEA – Changes Since the Last Irish User
• IDEA 10 – Advanced Analytics
• IDEA 10.4.1 – The Best IDEA Yet!
• New CaseWare IDEA Guide
• Other News
• Q & A
• End
Agenda
Other News
• In final stages of Development:
▪ IDEA Data Analytics: How to use IDEA to combat Fraud
Other News
• New Smart Analyzer Apps – Due Late Summer / Early Autumn 2019
Thank You for Your Time
Any Questions?