Houston – January 19, 2015 – Audimation Services, Inc. today announced the release of IDEA® Audit Solutions, a series of prewritten tests to help determine that internal controls in key financial accounts are working as designed.
IDEA Audit Solutions provide an easy, cost effective way to perform transaction-level testing of internal controls including trend analysis, sampling, duplicate detection, financial analysis and fraud detection. The test sets help eliminate guess work involved in determining which areas to test to help identify potential errors or fraud, and gain a deeper understanding of what is transpiring in the organization. Auditors are better positioned to identify material misstatements and fraud earlier, and improve the efficiency and effectiveness of operations as a result.
The developer, Audit Solutions, Inc., studied global testing practices used in the industry to develop this series of ready-to-run programs for key accounts. The tests can easily be run by new or experienced auditors and deliver consistent results with each use. Each test provides the user with dialog boxes to assist with selecting and tagging the field names to the corresponding field name used by the client. Within a few minutes, users can identify potential issues to determine underlying causes that may indicate significant integrity issues.
“The IDEA Audit Solutions take the guesswork out of deciding which analytics to perform to deliver maximum value,” said Angel Butler, Data Resource Manager. “With just a few clicks, we gained valuable insights that would have taken us hours to achieve without them.”
“Over the years, we’ve helped our clients understand and embrace the use of data analytics to improve their efficiency and effectiveness, because knowing where and how to start using a tool like IDEA is not always evident,” said Carolyn Newman, president of Audimation Services, Inc. “The Institute of Internal Auditors (IIA) Code of Ethics calls for competency to engage only in services for which one has the necessary knowledge, skills and expertise. These Audit Solutions help professionals leverage the expertise of others, and quickly detect significant errors, irregularities, non-compliance, and indicators of fraud they may not have discovered otherwise. They provide a wealth of shared knowledge with just a few clicks.”
IDEA Audit Solutions work seamlessly with IDEA data analysis software Version Nine and offer enterprise-wide availability without subscription costs for maximum return on investment. Each test set includes detailed documentation such as required fields and expected output, plus user-friendly dialogs for assistance tagging fields. Available packages:
Additional packages will be released in the coming months, and demo videos for each package are being created.
Online Product Demonstrations & Support
Audimation Services is hosting a free webcast series to demonstrate several tests included in each IDEA Audit Solution package. Supported IDEA users may contact the IDEA Help Desk for assistance.
Availability & Pricing
Available packages may be purchased directly from the Audimation website. Tests are designed to be shared across the organization and there are currently no annual subscription or renewal fees. Pricing is based on the number of tests available in each package, which range from $865 to $1,425 USD. Special introductory pricing is currently available and subject to change.
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 U.S. distributor of CaseWare IDEA®, 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.
IDEA is a registered trademark of CaseWare International Inc.
Media Contact: Sarah Palombo