Workshop: Using data analysis to flag transactions of interest

February 10, 2022

Arbutus Analyzer - What is new in 6.10
Arbutus Analyzer - Alternate row shading

In this workshop, we flag transactions of interest in a large data set using data analysis.
Join us for the live, in-person workshop organised by Belgian chapter of the IIA.

What is the workshop about?

Need to audit millions of transactions and don’t know which ones to focus on?

Taking a simple statistical sample is of course one way of selecting a limited set of transactions. However, in this workshop, we take a more risk-based approach and focus on “transactions of interest”.

As a bonus, we illustrate how the return on investment can be increased by scheduling this test to automatically run each quarter and send email alerts when it identifies new transactions of interest; in effect turning the audit effort into an effective continuous monitoring system.

Arbutus Analyzer - What is new in 6.10

Using a specialised data analysis tool (Arbutus Analyzer), we test each transaction for various indicators (such as round amounts, weekend transactions, duplicates, vendor dependency, etc.) resulting in “red flags” or as we like to call them “Focus indicators“.

Optionally, we give each indicator a specific weight as not all are equally important.

Finally, we use a scoring mechanism to come to a reduced set of transactions to investigate further.

Why attend?

Those that need to analyse large data sets such as invoices, orders, expenses, refunds, tax data, etc. will surely find this workshop interesting indeed. Equally, auditors who are interested in data analytics in general, or who are exploring the landscape for ideas and tools will find value in the presentation and approach.

In addition, after the workshop we can arrange for you to have access to the same data analysis software with a temporary license.

Bread sandwich nicely garnished

Oh, and did we mention?

A sandwich lunch is included, so indeed there is such a thing as a free lunch!

Also 1 CPE credit will be awarded for attending this workshop.

Practical details

When?

Thursday 10th of Februari 2022, 12:00 to 13:30

Where?

The workshop will be held at the offices of IIA Belgium.

What does it cost?

This is a free workshop.

There is no charge; so you only invest your lunchtime.

Still, you must register beforehand!

Who is the speaker?

The host will be Alain Rousseau; the driving force behind Sepia Solutions. He has focussed on audit software tools since 2007 and implemented data analysis tools (Arbutus Analyzer, ACL) and audit management tools (PAWS, Pentana Audit) at dozens of audit departments.

With an education and background that is both technical (industrial engineer) and business (MBA), Alain is the ideal interface between business users and software developers. His in-depth understanding of the software packages and a firm understanding of the audit profession also makes him an excellent trainer and consultant for these software packages.

As part of the IIA’s Master Class Internal Audit Essentials, he recently wrote a paper discussing the effect of audit software on meeting the IIA’s IPPF standards.

Register for this free workshop today

Join us in this workshop to flag transactions of interest.

How do you register?

Simple, if you are a member of IIA Bel, you register via the IIA Bel website (the button below will take you straight to the correct event), or you complete the form below.

Register as member of IIA Belgium

    Not a member of IIA Belgium?

    Not a problem, please register via this form and we will take care of the rest.

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