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April 20, 2017
The topic of politically exposed persons (PEPs) is making headlines more frequently as global efforts to reduce money laundering increase. Institutions such as the Sonali Bank have made news for failing to perform sufficient customer due diligence—including failure to identify PEPs—leading to the... Read More »
April 18, 2017
CaseWare Analytics recently met Erin Baker, Data Analytics Program Manager for the University of Texas System Audit Office, and discussed her thoughts on data analytics. Here are some highlights from our conversation. Q: How much of a role does data analytics play in your position at the System?... Read More »
April 11, 2017
Artificial intelligence. Advanced, predictive analytics. Machine learning. These terms are heard with increasing frequency in the compliance space as solution providers seek new ways to evolve technology offerings to get ahead of compliance challenges. But does this mean that rules-based testing... Read More »
April 5, 2017
  Benford’s Law is always a popular topic in the audit and forensic accounting world. This rule, which predicts how often you should expect to see numbers 1 through 9 as the leading digits in accounts payable, deposits, disbursements and other select large data sets, can be an invaluable tool to... Read More »
March 28, 2017
March marks Fraud Prevention Month in Canada, an annual education and awareness campaign that encourages Canadians to recognize, reject and report fraud. It’s an important campaign, especially considering that most cases of fraud go unreported despite CFEs estimating that 5% of an organization’s... Read More »
March 22, 2017
The notion of ‘value add’ has evolved from an act of surpassing expectations to a requirement for auditors. But how, exactly, are audit professionals supposed to find this treasured value-add? At the IIA GAM Conference, March 20–22, presenter Aaron Boor, IT Audit & Project Automation Specialist... Read More »
March 16, 2017
HSBC: Lawyers for the U.S. government and HSBC Holdings have appealed to federal courts to block the release of report that shows how the bank is improving its money laundering controls. Dean Moore, a 53-year old Pennsylvania chemist, whose home is being foreclosed by HSBC, is leading the push for... Read More »
March 10, 2017
Q: Does IDEA provide a way to normalize vendor names? For example, I would like to change AMAZON MKTPLACE PMTS to AMAZON, WAL-MART002 to WAL-MART, and UPS 091238547 to UPS. The database I am working with has at least 500,000 records. A: If you are using IDEA 10, first look for exact duplicates,... Read More »
March 7, 2017
As more companies opt to reduce costs by introducing purchasing card (P-Cards) programs, stories of employees misusing the cards are increasingly making the news. Here are some of the stories making headlines recently: According to an audit conducted by the agency’s inspector general, employees of... Read More »
March 1, 2017
Like milk and cookies, our IDEA specialists like to pair functions together to get deeper insights into the data they’re analyzing. IDEA specialists Jairam Rajshekhar, Director of Client Relations at Sama Audit Systems in Mumbai, India recently shared how to apply his favorite IDEA pairs. Top... Read More »

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