HOUSTON – May 16, 2016 – CaseWare Analytics and Audimation Services, Inc. have selected Erin Baker, Data Analytics Program Manager with the University of Texas (UT) System internal audit team as the recipient of the 2016 U.S. IDEA® User of Excellence Award. She is being recognized for effectively using CaseWare IDEA to help address data acquisition challenges; and provide training and share information across the entire organization.
The UT System is one of the nation’s largest higher education organizations with 14 academic, health and system administration institutions. In 2014, the Chief Audit Executive spearheaded a three-year strategic plan to integrate data analytics across the organization. Baker, a data analytics specialist with an internal audit background, was instrumental in applying IDEA to streamline the data acquisition process across multiple entities and environments throughout the UT System. She also developed a number of IDEAScripts to simplify and standardize analysis.
“When we set out to incorporate the use of data analytics within the System, it was important to have the right tools and training in place to achieve that goal,” said Baker. “As we rolled out the initiative, the function of internal auditor evolved into one of a trusted advisor providing creative, valuable solutions. Our enterprise-wide use of IDEA has benefited both the internal auditors using it to improve the quality of their work, and the auditees who gain more meaningful insights from the data.”
As the Data Analytics Program Manager with the UT System Audit Office, Baker provides data analytics training and support to the 14 internal audit departments throughout the System. Baker was selected to receive the IDEA User of Excellence Award for her ingenuity in using IDEA to build user-friendly, menu-driven tools to help the internal auditors acquire data based on their specific environment, analyze data in key financial areas, extract and index outliers for further investigation and review the results. One of the tools Baker has developed, the Financial Activity Tool, provides basic summaries of activities related to multiple financial processes and can be used for multiple purposes, including risk assessment development and change management for departmental audits. Baker has also developed a Procard Tool and a Travel & Entertainment Tool, both of which can be used across multiple institutions.
"In an organization as large and diversified as the UT System, centralizing the data acquisition, analysis and sharing of information is no small undertaking," said Carolyn Newman, president of Audimation Services, Inc. “Erin Baker has successfully used IDEA in new and different ways to improve audit results and coverage. She shares her knowledge by developing formalized training programs, and looking for new ways to support internal initiatives.”
Baker was first introduced to data analytics at Frost National Bank. She has also served as a solo auditor for a home health care company, where she developed scripts for operational, financial, compliance, and administrative purposes. She earned BBAs in both Finance and Accounting from the University of Texas at Austin and San Antonio, respectively. She has earned several professional credentials including Certified Internal Auditor (CIA), Certified IDEA Data Analyst (CIDA), and Certified Fiduciary Investment & Risk Specialist (CFIRS). Through the UT System, Baker is an active member of the Association of College and University Auditors (ACUA) and The Institute of Internal Auditors (IIA).
Baker will receive the U.S. IDEA User of Excellence Award at the 5th IDEA User Conference on May 25-27, 2016 in Orlando, FL.
About the University of Texas System
Educating students, providing care for patients, conducting groundbreaking basic, applied and clinical research, and serving the needs of Texans and the nation for more than 130 years, The University of Texas System is one of the largest public university systems in the United States. With 14 institutions and an enrollment of more than 217,000, the UT System confers more than one-third of the state’s undergraduate degrees, educates almost two-thirds of the state’s health care professionals annually and accounts for almost 70 percent of all research funds awarded to public institutions in Texas. The UT System has an annual operating budget of $16.9 billion (FY 2016) including $3 billion in sponsored programs funded by federal, state, local and private sources. With about 20,000 faculty – including Nobel laureates – and more than 70,000 health care professionals, researchers, student advisors and support staff, the UT System is one of the largest employers in the state.
About Audimation Services, Inc.
Founded in 1992, Audimation Services, Inc. is a leader in providing data analysis technology to help companies understand their data, assess risks, test controls, and fight fraud. As the sole U.S. distributor of IDEA® Data Analysis, CaseWare™ Monitor and SmartExporter for SAP®, we help our clients maximize their technology investments by providing support, training and other valuable resources. For more information about Audimation Services, visit www.audimation.com or call 888.641.2800.
About CaseWare Analytics
CaseWare Analytics is home to IDEA Data Analysis, Collaborative Analytics and Continuous Monitoring solutions. All CaseWare Analytics technologies are built upon the foundation of best practices in assessing risk and controls, hereby enabling audit and finance professionals to use real data insights to create remarkable ROI & business improvement opportunities. Visit www.casewareanalytics.com for more information.
IDEA is a registered trademark of CaseWare International Inc