IDEA Users Working Remotely: We’re here to help! Please contact our IDEA Help Desk to ensure there is minimal disruption to your daily workflow.

X
Icon


Blog Image

Investments

CaseWare IDEA Applications


The following tests are relevant where the accounts are interest-bearing deposits from customers.

 

Analyses

 

  • Stratify balances by size
  • Group accounts by product type
  • Age investment portfolio to analyze interest rate re-pricing risk
  • Stratify portfolio by size
  • Summarize portfolio by type, issuer, interest rate, maturity, etc.
  • Create charts of investment portfolio information

 

Calculations

 

  • Cast (or total) accrued interest
  • Prove interest capitalization, charges
  • Re-perform individual interest calculation

 

Exception Tests

 

  • Extract unusual interest rates or amounts
  • Identify/summarize dormant accounts and identify transactions thereon
  • Identify negative balances
  • Identify accounts with suppressed statements
  • Identify any records that are not complete or up-to-date
  • Test for money laundering
    *Many of the previous tests are applicable to current or checking accounts. There are also a number of tests that can be carried out when searching for money laundering.

 

Other Tests Applicable in Certain Cases

 

  • Identify forward-dated transactions
  • Provide totals of forward-dated transactions
  • Identify overdue maturities
  • Identify customers over their overdraft limit or customers with expired limits
  • Identify dormant accounts and transactions thereon
  • Re-perform currency conversions
  • Provide details of currency exposure
  • Test for cut-off

Areas of Applications , CaseWare IDEA



Posted By

By Audimation Team


Related Posts
Loans and Mortgages
Jan 01 The following tests are relevant where the accounts are either commercial or personal loans.   Analyses   Stratify balances and create a summar...
Get to the Point!
May 09 Visualization allows us to explain complex data and make connections that would otherwise remain unknown. The new functionality of IDEA 10 gives you the ability...
New & Updated Apps Available in the IDEA Marketplace
Nov 11     Suite of tests designed to analyze employee and payroll data to rank potential violators by risk level in a scorecard format. Quickly ident...
BROWSER NOT SUPPORTED

This website has been designed for modern browsers. Please update. Update my browser now

×