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CaseWare Monitor
Presented by: [Dan Netanyahu][CEO][IACS]
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What is Monitor?A framework that enables continuous visibility into business
processes, allowing stakeholders to identify and manage high risk situations, prevent fraud and money leakage and achieve compliance
and revenue optimization.
Framework – Consistent regardless of Application
Continuous Visibility – Across Businesses, Systems, Data
Business Processes – Monitor any Operational Entity
Stakeholders – Management, BPO, I/E Audit, Finance
Identify – Active Detection
Manage – Controls with BPOs
Risk – Issues that affect the Business
Fraud – Material Gain outside the normal course of business
Money Leakage – Operational Loss due to Inefficiency, etc
Revenue Optimization – Tangible Gain from Improvements
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Periodic AuditsC
ontr
ols
Effe
ctiv
ene
ss
Time
Audit 1 Audit
2Audit
3
Source: Continuous Auditing From a Practical Perspective, Kevin Handscombe
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ActualExpectedEffectiveness
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Continuous AuditsC
ontr
ols
Effe
ctiv
ene
ss
Time
CA
CA CA
CACA
CA CA CA CA CA CACA
Source: Continuous Auditing From a Practical Perspective, Kevin Handscombe
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ActualExpectedEffectiveness
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Consider the Following
• A Cashier was acting as a Supervisor last week.• She had access to discount, change prices, etc.• This week, IT reassigned the Cashier role to her, but the
Supervisor role was not removed.• She can now do both Cashier and Supervisor functions.• Normal discounts are below 5% and amounts are below $100.• She enters and approves excessive discounts at the point of
sale for friends and family.• In 5 days the company loses US$7,300.
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Without Monitoring
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With CaseWare Monitor
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Why not Detected?
• There is nothing suspicious about her physical activities.• A security guard at the door cannot check prices.• She is abusing 1 in 2,000 of her transactions and 1 in 400,000 transactions
across all stores.• The Cashier’s Till reconciles at the end of day.
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Too Little, Too LateIt takes an average of 342 days to detect a fraud, at which point 89% of all proceeds are unrecoverable.
KPMG Forensics Fraud Survey
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Continuous Controls Monitoring
• Monitoring business data to prevent losses.• Advanced notification and alert systems.• Escalation of unresolved issues.• Manage alerts to closure.• Single portal for the enterprise.• Facilitate numerous roles in resolving the issues.
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The CaseWare Monitor Concept
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Configuring the Remediation Workflow
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CaseWare Monitor Client
Startup Splash Screen
Login Screen
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Main User Dashboard
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Main Reporting
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Workflow and Remediation
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Reassigning Exceptions
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Audit Trails
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