james loughlin idea v10
TRANSCRIPT
KPMG 2015 Survey
‘Data & Analytics - Enabled Internal Audit’, released Oct 15
• 78% of survey recipients rated the importance of data analytics as high among
the among Internal Auditors community.
• 84% of recipients stated the #1 objective of a data analytics program is to
increase audit coverage.
• 80% stated their #1 objective is to identify additional insights.
• 77% of survey recipients indicated they have started to incorporate data
analytics on an ad hoc basis. (But this can lead to inconsistent results)
• Having an analysis tool and set of routines were rated as the most important
enablers to incorporate data analytics.
Powerful automation capabilities Visual Script and IDEA Script macro functionality available.
Offering basic and advanced abilities to transform common tasks into
“one click” routines.
IDEA Version 10
new features
Financials:
General Ledger
Accounts Receivable
Inventory
Fixed Assets
Accounts Payable
IS Fraud Toolkit
Audimated Apps
Brand new apps:
Risk-based Payroll Testing
Address Cross Checker
Word List Maker
Pre-built analytical tests & reports
Smart Analyzer: Integrated analysis framework embedded within IDEA v.10
Numerous apps available:
Procure to Pay:
Accounts Payable (18 tests)
Procurement Controls (23 tests)
Financial Statements:
General Ledger Controls (20 tests)
Journal Entries (14 tests).
3rd Party analytical tests & reports
IDEA Audit Solutions: Prebuilt IDEA Scripts created by Audimation and Audit Solutions
Solutions available:
Assets On-Hand:
Fixed Assets (18 tests)
Inventory Controls (21 tests)
Payroll Controls (33 tests)
Travel & Expenses:
Expense Controls (17 tests)
Travel Expense Controls (22 tests).