IDEA 11.1 Delivers More Apps, Freedom and Functionality
With every new release, IDEA continues to deliver on its commitment to improved user experience, seamless collaboration and advancements for emerging technology applications.
The newly released IDEA 11.1 upgrade provides access to an array of new apps, process automation, more licensing flexibility, and much more!
What’s New at a Glance
Access to a growing library of IDEA’s most popular audit apps
Greater collaboration through enhancements to Cloud Share
Time and efficiency gains through Robotic Process Automation
Ability to leverage machine learning and advanced analytics
More licensing freedom with support for virtual environments (e.g. Citrix) and on-premise network license management
Robotic Process Automation
IDEA 11.1 now has a built-in Task Scheduler, which allows auditors to automate periodic manual tasks, improving efficiency and giving auditors more time to analyze results. Those who upgrade can now:
Configure the system to automatically run unattended regularly repeated processes, as well as time-consuming complex analytics on large datasets outside working hours
Use the email notification feature for successful task completion or failure
Send analytic results, alerts, detected anomalies etc. during execution for real-time notification to managers, collaborators or yourself
Apps Included
Gain access to a growing array of popular audit-specific apps and tools, including Exceptional Exceptions for General Ledger to highlight critical risk areas to help identify fraud.
24 audit-specific tests including:
Unusual/rare accounts posting combination
Unusual user(s) posting entries
Abnormal debits/credits for specific accounts
Introduced Machine Learning with Outliers tests
Tests aggregation and scoring to rank transactions by risk
Risk-based sampling
Overview of the risk areas to identify notable journal entries
Integration with PowerBI for dashboarding
IDEA subscribers will still be able to access apps through Passport.
Innovation Opportunities for Early Adopters
For IDEA users who stay ahead of the curve, the IDEA Lab provides access to new audit-specific tools and working prototypes that leverage machine learning. This portal provides users access to an ever-expanding library of advanced audit technologies and prototypes, including:
Integrated Python applications
AI and ML prototypes
Advanced audit analytic utilities
Integration examples with external visualization tools
Prototypes & Scripts Included in IDEA Lab
Licensing Freedom
Enjoy more flexibility in selecting the right licensing for users including support for virtual environments and on-premise network license management.
On-Premises Network License Server
Supports IDEA deployments in virtual environments (e.g. Citrix)
Ideal for isolated networks without access to the Internet
Offers larger clients an ability to manage licenses within their own network
Additional 11.1 Enhancements
Cloud Share now supports External Projects and Shared Mapped Drives: Previously, only IDEA managed projects files could be transferred/uploaded to cloud using Cloud Share. Now, users may upload files from External projects
AuditFile Imports: IDEA 11.1 now includes the ACL and AuditFile Import Components
Auto-Renew: IDEA automatically checks license renewal status, eliminating any user intervention once renewal is processed
Provisional License now 15 days
Standalone License Manager updated to support Network License Server
By Sarah Palombo Sarah Palombo founded Avery Public Relations in 2007 and took on Audimation Services as her first client. She has more than 20 years of experience developing communications programs and creating content.
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