Read our article, "Top 10 Areas Where Data Analysis is Adding the Most Value: Results from Survey Conducted by Audimation Services, Inc. It can also be used to perform exception testing to spot internal control weaknesses and provide recommendations for improvement. Overall, IDEA helps you look at the data from different angles to gain greater insight into the organization’s business activities.
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Test 16 - Vendors with Nil Balance with more than 5 Lakhs transactions Test 15 - Vendors with Single PO with value above Rs. Test 14 - Same Material Procured from Diff Vendors at Different Price
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Test 13 - Material Procured from same Vendor at Diff. Test 12 - Same Material Procured from Diff Vendors with Diff Price on Same Day Test 11 - Multiple PO for Value Split by Diff Users on Same Day for same Material Test 10 - Multiple PO for Value Split by Same User on Same Day for same Material Test 9 - Purchase Orders created on Public Holidays
Caseware idea analytics verification#
Test 8 - PO created without GR based Invoice Verification Check Test 7 - PO created without a Release Strategy Test 6 - PO and Contract Created without Purchase Req
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Test 5 - PO and Contract Pending for Release for more than 90 Days Test 4 - PO Details of Vendors having same Bank Account Test 3 - Same Vendor having Multiple Master Data with PO Details Test 2 - More than One Vendor having same Bank Account Test 1 - Employee and Vendor having same Bank Account Details of these 16 Reports are as below. In this article, I am going to explain how I could create a Macro in Caseware IDEA to generate 16 different Analytics Reports relating to Procurement audit. They can get analytical reports generated within minutes. IDEAScript is an advanced scripting language that can be used to standardize routine analyses or basic procedures for consistent. The Visual Script feature within IDEA can be used to re-run standard analysis processes and build continuous monitoring applications.
Caseware idea analytics professional#
Using Caseware IDEA Data Analytics, we can achieve this very easily and with Macro functionality of Caseware IDEA, users don't need to be expert in IDEA as well. Professional data analytics tools, like IDEA, simplify task automation to save time and effort, and standardize audit processes.
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With so much of data getting generated in SAP ERP or for that matter any other ERP System related to Procurement related transactions, it is next to impossible for Auditors to analyze these humongous data and draw some conclusions.