What sort of data analytics tests might be relevant for audits?

CaseWareAnalytics, Auditing, Auditing Standards, Industry News

Part 2 of a blog by David Stansell, Customer Service Manager for CaseWare Australia & New Zealand. Read Part 1 of this blog here. Please note that the images provided in this blog are all produced by our CaseWare Cloud Analytics product. Deciding what transactions to examine, and what to look for can be a challenge Avoid generating an overwhelming … Read More

Integrating data analytics into your audit plan for a more efficient audit

CaseWareAnalytics, Auditing, Auditing Standards, Automation, CaseWare News, Fraud

Analytics in an audit

(Author: David Stansell, Customer Service Manager & CaseWare Cloud Analytics specialist) Is Better Planning the Key to an Efficient Audit? The work of an auditor today has transformed into something significantly different when compared to the auditor of 10 to 15 years ago. The levels of complexity present in the industry with compliance requirements, coupled with the ever-increasing time pressure … Read More

Revenue Recognition AASB 15 – What companies need to consider and DO NOW!

CaseWareAASB 15, Accounting Standards, Auditing, Auditing Standards, Carmen Ridley, Financial Reporting, Industry News, Legislation & Regulation

Author: Carmen Ridley, Principal – Australian Financial Reporting Solutions (www.afrs.com.au). Member of the AASB, and a specialist consultant for CaseWare Australia & New Zealand. The panic has finally kicked in I have been presenting about the changes to the revenue accounting standard AASB 15 for a number of years, since IFRS 15 was issued in May 2014 (followed by AASB … Read More

Top 3 Considerations of a Data Analytics Solution for Better Client Audit Engagements

CaseWareAnalytics, Auditing, Automation, Fraud

Author: Andreas Ong, Technical Manager: Cloud & Data Analytics, CaseWare Australia & New Zealand We agree with Derek Parker who stated “The accounting profession is well-placed to take advantage of the emerging data analytics revolution but it will require a redesign for many firms, as well as a major change of mindset.” Craig Waldon CaseWare Australia & New Zealand CEO … Read More

Detecting Fraud with Analytics: Rounded Numbers

CaseWareAnalytics, Auditing, Cloud Computing, Fraud

Rounded number checks when auditing

Author: Andreas Ong, Technical Manager: Cloud & Data Analytics, CaseWare Australia & New Zealand Mark J Nigrini, Ph.D. wrote a very good article published in the Journal of Accountancy and titled “Round Numbers: A fingerprint of fraud”. It is about how auditors can benefit from understanding when the overuse of certain numerals might be a red flag for malfeasance. When … Read More

Visualise the Progress & Risks of an Audit Engagement

CaseWareAnalytics, Auditing, Auditing Standards, CaseWare News

Constellation Risk View

Author: Tim Lew, Product Manager: Audit, CaseWare Australia & New Zealand Have you seen our “Constellations” feature yet? CaseWare Audit System provides customers with the means of conducting an audit via the available electronic workpapers and forms. We asked ourselves: Is there a better way to perform a more efficient audit? Can CaseWare assist in focusing on critical information that … Read More

The 2018 CAANZ Audit Conference – Panel Discussion

CaseWareAnalytics, Auditing, Automation, CaseWare News, Industry News

Data, AI, Machine Learning: What's Next for the External Ausitor

Data, artificial intelligence and machine learning – what’s next for the external audit? CaseWare Australia & New Zealand proudly joined the Chartered Accountants Australia & New Zealand Audit Conference 2018 in mid April to discuss the importance of technological revolutions in auditing. The panelists were: Rob Pillans FCA – Chair (Planet Consulting) Bruce Wang (Accru Melbourne) Craig Waldon (CaseWare Australia … Read More

Accounting & Audit: Automation – How Much Is Too Much?

CaseWareAuditing, Auditing Standards, Automation, CaseWare News, Industry News

Automation Tools for Accounting & Auditing

by Sarah Butler, CaseWare SMSF Audit Product Manager As Product Manager of a cloud-based solution, I try to keep up with the latest trends in the world of technology. But in recent years, this has been a hard thing to do! Digital disruption, data feeds, blockchain, artificial intelligence, machine learning… the list goes on. At CaseWare, the current hot topic … Read More

5 Ways to Improve Your Efficiency with Audit System

CaseWareAuditing, CaseWare News

Efficiency in Audit System

There is more to Audit System than just Programs and Checklists. Audit System contains a vast variety of workpapers, dialogs and efficiency tools to ensure you produce a quality audit for your clients in a timely manner. Audit deficiencies are most frequently identified in: Assessing and responding to risks of material misstatement. Auditing internal control over financial reporting. Here are … Read More

Press Release: CaseWare Cloud Analytics™ Launched in Australia

CaseWareAnalytics, Auditing, CaseWare News, Industry News

CaseWare Cloud Analytics

CaseWare Australia & New Zealand launches CaseWare Cloud Analytics™ and tackles Big Data Melbourne (November 30, 2017) To utilise new technology such as Big Data, Machine Learning and Artificial Intelligence that will ‘disrupt‘ future audits, CaseWare has released  CaseWare Cloud Analytics™. Showcased at the recent CaseWare customer conferences in Melbourne and Sydney, CaseWare Cloud Analytics™ provides auditors with the ability … Read More