Houston – July 25, 2013 – West Virginia University, an active member of the IDEA Academic Partnership, has received a site license of CaseWare IDEA to incorporate professional-grade data analytics into its Accounting Information Systems (AIS) courses. The in-kind software donation, valued at $77,700, will accommodate approximately 175 graduate and undergraduate students throughout the year. Additionally, the university will receive $19,400 in in-kind support and maintenance for the second year of use.
IDEA has been used extensively in the University’s forensics courses including the Forensic Accounting and Fraud Examination (FAFE) course, and by those pursuing masters’ degrees in accounting. When the faculty decided to change the curricula of the AIS course from writing to focus on using technology for data analytics, IDEA was implemented to give students real-world experience.
“The skills our students gain from using IDEA are fully transferable,” said Richard Dull, Ph.D., Associate Professor of Accounting, West Virginia University. “It moves them from a theoretical concept to reality. We try to help them make that connection by showing them not just why, but how and how it all works together. This is a tool they will use the rest of their career and help them advance faster.”
Students enrolled in AIS and FAFE courses will also learn how to extract data from a live ERP system, which is a skill required for most audit engagements.
“IDEA is a good tool to help the students understand the process of forensic data discovery and analysis,” said Christian Schaupp, Ph.D., Associate Professor of Accounting at West Virginia University. “It helps them easily identify patterns and anomalies within a dataset. West Virginia University began teaching data analytics techniques using the IDEA Workbook, and has expanded its use by installing it in the lab.”
“The faculty at West Virginia University understands the long-term benefits of learning and using data analytics,” said Dana Newman, Director, IDEA Academic Partnership. “By giving them direct exposure to IDEA, they are sending graduates into the workforce with skills that are appealing to potential employers.”
West Virginia University joins more than 170 colleges and universities throughout the U.S. that participate in the IDEA Academic Partnership which is focused on helping students develop critical thinking skills and gain valuable experience.
The IDEA Academic Partnership is sponsored by Audimation Services, Inc., the sole U.S. distributor of CaseWare IDEA, CaseWare Monitor™ and SmartExporter. Participation is offered at no cost to U.S. accredited college and university educators. Additional information is available at IDEA Academic Partnership.
IDEA is a powerful and user-friendly tool designed to help accounting and financial professionals extend their auditing capabilities, detect fraud and meet documentation standards. It allows users to quickly import, join, analyze, sample and extract data from almost any source, including reports printed to a file, such as PDFs. With unlimited file size capabilities and an intuitive user interface, IDEA has the ability to analyze large volumes of data in seconds. IDEA is used in 16 languages in more than 90 countries, by major accounting firms, government, corporations in all industry sectors and by universities as a teaching tool.
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 Software, 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 IDEA Inc.
CaseWare IDEA Inc. is a privately held software development and marketing company, with offices in Toronto and Ottawa, Canada, and distributor partners serving more than 90 countries. CaseWare IDEA Inc. is a subsidiary of CaseWare International Inc., the world leader in business-intelligence software for accountants, auditors and other professionals.
IDEA is a registered trademark of CaseWare International Inc.