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Software
@Risk - Monte
Carlo simulation tool add in for Microsoft Excel.
Audit
Intelligence - provides
an automated solution to transform Financial Statements from static
reports into interactive tools that allow the professional to investigate
beyond the numbers. Presented in easy to understand, graphical
views, Audit Intelligence can help quickly pinpoint areas of concern or
unusual events in a business by identifying changes in patterns, trends or
ratios.
BI3.Net
- BI3.net
offers Business Intelligence solutions to Value Added Resellers (VARS) and
their customers via affordable ASP Internet subscription services. BI3.net
is the leader in offering affordable On Line Analytical Processing (OLAP)
Services over the Internet.
DataDesk - Statistical
graphing tool for people with limited statistical knowledge.
DATAS
for ACL - Benford
Law and digital analysis software for various platforms.
DATAS
for Excel
DATAS
for IDEA
DATAS
for SAS
NetMap
- Data mining technology that automates the link analysis
process between different sets of data.
NeuralShell
Predictor - Uses
a simple step by step process for forecasting and estimating numeric
amounts such as sales, prices, workload, level, cost, scores, speed,
capacity, etc.
WizRule
/ WizWhy / Wiz Same - data auditing and cleansing
application that automatically reveals all the rules in a given data, and
points at the deviations from the set of the discovered rules as suspected
errors. WizSoft markets the following audit software products: (1) WizRule is a data-auditing tool based on data-mining technology. WizRule automatically reveals the rules that hold in the data-set under auditing and points at the cases deviating from these rules. (2)
WizWhy is another data-mining tool that is used for fraud detection: It learns the patterns of previous cases of fraud and issues alerts for new cases. (3) WizSame is a tool for revealing duplicate records: It reveals cases where two or more records are similar.
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Publications
Frequencies
- by
Ekaros Analytical.
Statistical
publication on how to apply mathematical rules to audit situations.
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Articles
Find
Out Why A Data Field Acts a Certain Way
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WizWhy is a powerful data mining product that is simple to use. It
helps you to understand why a particular data field acts a certain way
such as "Why does an invoice amount exceed $200,000?" by
providing otherfactors in the data file to help explain the
variance.
They offer a free
demo copy of the software to AuditSoftware.Net visitors.
See the short video benefits
of WizWhy
(uses Macromedia Flash) to see this p powerful product in action.
Identify Duplicate
Items....FAST!!! - A new
product can identify duplicate transactions with NO training. Watch
the video (requires Macromedia Flash)
to see how easy it is and request
a demo copy of the product to try it yourself.
Learn
What You Don't Know About Your Data -
WizRule offers a free
demo copy of the software offered to AuditSoftware.Net visitors.
See the video
on the benefits of WizRule
(uses Macromedia Flash) or read a recent
article on AuditNet for practical applications of WizRule in an audit setting.
The
Power of Data Cube Video - by
Rich Lanza.
Video
on the benefits of data cube technology with practical applications in an
audit setting (uses Macromedia Flash).
The
new era of professional judgment....and realizing that fraud is a five
(not four) letter word (BI3.Net) - Explains how
audit standards are moving more towards the use of auditor judgment versus
a checklist driven approach, while also providing solftware tools to
assist in this transition.
Defining
Data Mining (BusinessIntelligence.com) Article
explores the differences between query reporting and data mining with
practical examples.
Also see the new Data Mining section for more articles on
AuditSoftware.Net.
OLAP,
an alternative technology over spreadsheets (BusinessIntelligence.com)
Presents
a study that 90% of companies are not confident in their financial
forecasts and reports due in part to spreadsheets.
Article then explains very well OLAP tool functionality and how it
can be used to gain improved data understanding.
Also
see the Excel Pro and Con section
for more articles on AuditSoftware.Net.
The
Silver Lining in SOX (IntelligentEnterprise) Study
of over 100 financial professionals noted that over 80% rated as important
or very important the automation of manual process controls.
The study also called for improved data warehouses to replace
spreadsheets in order to save organizational time and labor.
Data
Mining: An Introduction (About.com) Provides
a great summary with numerous links on the topic of Data Mining.
Organizational
Barriers to Business Intelligence (BusinessIntelligence.com) Perceptive
article that identifies the change in control over applications as the
main barrier to improving data analysis at companies.
Bottom line, it is a people thing
.not technology that prevents
solid implementations.
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