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CAATs - a way to avoid becoming a "TV star"

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This presentation shows a real life example of a large volume, continuous monitoring systems.

The presentation shows how continuous monitoring can be used in a number of different ways, such as fraud prevention, performance improvement, reputation protection.

It also provides 5 keys to a successful continuous monitoring project.

Published in: Business
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CAATs - a way to avoid becoming a "TV star"

  1. 1. Mario Bojilov, M Eng Sc (UQ), F Fin Meta Business Systems www.mbsys.com.au
  2. 2. “Automation is not technical incharacter” – P. Drucker Copyright © 2007-2008 - Meta Business Systems - www.mbsys.com.au All rights reserved
  3. 3. Take a step back from technologyand new horizons appear Copyright © 2007-2008 - Meta Business Systems - www.mbsys.com.au All rights reserved
  4. 4. What‟s the real purpose? How a tool changed Copyright © 2007-2008 - Meta Business Systems - www.mbsys.com.au All rights reserved
  5. 5. Technical Details Overview Optical Disk Conversion Data Module Production System RDBMS Reports Compare Reports Data sub-sets Copyright © 2007-2008 - Meta Business Systems - www.mbsys.com.au All rights reserved
  6. 6. Technical Details Overview RDBMS-based Copyright © 2007-2008 - Meta Business Systems - www.mbsys.com.au All rights reserved
  7. 7. Technical Details Overview RDBMS-based - 2-3 million transactions a week, with daily peak loads of 1.2 million transactions Copyright © 2007-2008 - Meta Business Systems - www.mbsys.com.au All rights reserved
  8. 8. Technical Details Overview RDBMS-based - 2-3 million transactions a week, with daily peak loads of 1.2 million transactions Single point of contact – data conversion Copyright © 2007-2008 - Meta Business Systems - www.mbsys.com.au All rights reserved
  9. 9. Technical Details Overview RDBMS-based - 2-3 million transactions a week, with daily peak loads of 1.2 million transactions Single point of contact – data conversion Reporting – Crystal, Oracle Reports, customised Copyright © 2007-2008 - Meta Business Systems - www.mbsys.com.au All rights reserved
  10. 10. Technical Details Overview RDBMS-based - 2-3 million transactions a week, with daily peak loads of 1.2 million transactions Single point of contact – data conversion Reporting – Crystal, Oracle Reports, customised User-friendly Copyright © 2007-2008 - Meta Business Systems - www.mbsys.com.au All rights reserved
  11. 11. Versatility in Use Data warehouse – analyse the data with ACL, Statistica, Mathematica, neural networks, etc. Copyright © 2007-2008 - Meta Business Systems - www.mbsys.com.au All rights reserved
  12. 12. Versatility in Use Data warehouse – analyse the data with ACL, Statistica, Mathematica, neural networks, etc. Management reports – be a „hero‟ Copyright © 2007-2008 - Meta Business Systems - www.mbsys.com.au All rights reserved
  13. 13. Versatility in Use Data warehouse – analyse the data with ACL, Statistica, Mathematica, neural networks, etc. Management reports – be a „hero‟ Use it for marketing purposes – customer segmentation, promotions, etc. Copyright © 2007-2008 - Meta Business Systems - www.mbsys.com.au All rights reserved
  14. 14. Versatility in Use (cont.) Archiving mechanism Copyright © 2007-2008 - Meta Business Systems - www.mbsys.com.au All rights reserved
  15. 15. Versatility in Use (cont.) Archiving mechanism Data conversion tool Copyright © 2007-2008 - Meta Business Systems - www.mbsys.com.au All rights reserved
  16. 16. Versatility in Use (cont.) Archiving mechanism Data conversion tool Old System CAAT Compare New System Compare Copyright © 2007-2008 - Meta Business Systems - www.mbsys.com.au All rights reserved
  17. 17. Versatility in Use (cont.) Archiving mechanism Data conversion tool Change management Copyright © 2007-2008 - Meta Business Systems - www.mbsys.com.au All rights reserved
  18. 18. Versatility in Use - SummaryInitial Objective End result• Computerised auditing system • Computerised auditing system • Business Improvement Tool • Data Conversion Checks • Change Management Mechanism • Archiving Mechanism • Vendor Management Copyright © 2007-2008 - Meta Business Systems - www.mbsys.com.au All rights reserved
  19. 19. CAATs are not auditing tools Copyright © 2007-2008 - Meta Business Systems - www.mbsys.com.au All rights reserved
  20. 20. CAATs are not auditing tools CAATs are business, as well as auditing tools Copyright © 2007-2008 - Meta Business Systems - www.mbsys.com.au All rights reserved
  21. 21. CAATs are not auditing tools CAATs are business, as well as auditing tools  Fraud prevention Copyright © 2007-2008 - Meta Business Systems - www.mbsys.com.au All rights reserved
  22. 22. CAATs are not auditing tools CAATs are business, as well as auditing tools  Fraud prevention  Business protection/loss prevention Copyright © 2007-2008 - Meta Business Systems - www.mbsys.com.au All rights reserved
  23. 23. CAATs are not auditing tools CAATs are business, as well as auditing tools  Fraud prevention  Business protection/loss prevention Financial Services •Barings Bank bankruptcy - 1995 (£ 827 million) •NAB forex scandal - 2004 (A$ 360 million) •Société Générale - 2008 (€ 4.9 billion) Different personalities and culture Copyright © 2007-2008 - Meta Business Systems - www.mbsys.com.au All rights reserved
  24. 24. CAATs are not auditing tools CAATs are business, as well as auditing tools  Fraud prevention  Business protection/loss prevention Financial Services NEM participants •Barings Bank bankruptcy - Relatively new market 1995 (£ 827 million) •NAB forex scandal - 2004 (A$ 360 million) •Société Générale - 2008 (€ 4.9 billion) Different personalities and culture Copyright © 2007-2008 - Meta Business Systems - www.mbsys.com.au All rights reserved
  25. 25. CAATs are not auditing tools CAATs are business, as well as auditing tools  Fraud prevention  Business protection/loss prevention Financial Services NEM participants Carbon Trading •Barings Bank bankruptcy - Relatively new market Coming in 2010 1995 (£ 827 million) •NAB forex scandal - 2004 (A$ 360 million) •Société Générale - 2008 (€ 4.9 billion) Different personalities and culture Copyright © 2007-2008 - Meta Business Systems - www.mbsys.com.au All rights reserved
  26. 26. CAATs are not auditing tools CAATs are business, as well as auditing tools  Fraud prevention  Business protection  PR Copyright © 2007-2008 - Meta Business Systems - www.mbsys.com.au All rights reserved
  27. 27. CAATs are not auditing tools CAATs are business, as well as auditing tools  Fraud prevention  Business protection  PR  Banks Copyright © 2007-2008 - Meta Business Systems - www.mbsys.com.au All rights reserved
  28. 28. CAATs are not auditing tools CAATs are business, as well as auditing tools  Fraud prevention  Business protection  PR  Banks  Gaming Copyright © 2007-2008 - Meta Business Systems - www.mbsys.com.au All rights reserved
  29. 29. CAATs are not auditing tools CAATs are business, as well as auditing tools  Fraud prevention  Business protection  PR  Banks  Gaming  Tabloid journalism Copyright © 2007-2008 - Meta Business Systems - www.mbsys.com.au All rights reserved
  30. 30. CAATs are not auditing tools CAATs are business, as well as auditing tools  Fraud prevention  Business protection  PR  Banks  Gaming  Tabloid journalism  Works on exceptions Copyright © 2007-2008 - Meta Business Systems - www.mbsys.com.au All rights reserved
  31. 31. CAATs are not auditing tools CAATs are business, as well as auditing tools  Fraud prevention  Business protection  PR  Banks  Gaming  Tabloid journalism  Works on exceptions  Therese Rein Copyright © 2007-2008 - Meta Business Systems - www.mbsys.com.au All rights reserved
  32. 32. CAATs are not auditing tools CAATs are business, as well as auditing tools  Fraud prevention  Business protection  PR  Banks  Gaming  Tabloid journalism  Works on exceptions  Therese Rein – 0.016% Copyright © 2007-2008 - Meta Business Systems - www.mbsys.com.au All rights reserved
  33. 33. CAATs are not auditing tools CAATs are business, as well as auditing tools  Fraud prevention  Business protection  PR  Performance improvement Copyright © 2007-2008 - Meta Business Systems - www.mbsys.com.au All rights reserved
  34. 34. How to get the system you need? WIIFM Copyright © 2007-2008 - Meta Business Systems - www.mbsys.com.au All rights reserved
  35. 35. How to get the system you need? WIIFM – be „multi-lingual‟ Copyright © 2007-2008 - Meta Business Systems - www.mbsys.com.au All rights reserved
  36. 36. 5 Keys to a Successful Project1. Technology on its own is not enough, you need people and processes to get you where you want to be Copyright © 2007-2008 - Meta Business Systems - www.mbsys.com.au All rights reserved
  37. 37. 5 Keys to a Successful Project1. Technology on its own is not enough, you need people and processes to get you where you want to be2. Technology is just a tool. How and what you use it for makes all the difference Copyright © 2007-2008 - Meta Business Systems - www.mbsys.com.au All rights reserved
  38. 38. 5 Keys to a Successful Project1. Technology on its own is not enough, you need people and processes to get you where you want to be2. Technology is just a tool. How and what you use it for makes all the difference3. Don‟t try to plan everything Copyright © 2007-2008 - Meta Business Systems - www.mbsys.com.au All rights reserved
  39. 39. 5 Keys to a Successful Project1. Technology on its own is not enough, you need people and processes to get you where you want to be2. Technology is just a tool. How and what you use it for makes all the difference3. Don‟t try to plan everything4. Technology rarely fails on its own, people usually make it do so Copyright © 2007-2008 - Meta Business Systems - www.mbsys.com.au All rights reserved
  40. 40. 5 Keys to a Successful Project1. Technology on its own is not enough, you need people and processes to get you where you want to be2. Technology is just a tool. How and what you use it for makes all the difference3. Don‟t try to plan everything4. Technology rarely fails on its own, people usually make it do so5. Identify and/or create your allies Copyright © 2007-2008 - Meta Business Systems - www.mbsys.com.au All rights reserved
  41. 41. Copyright © 2007-2008 - Meta Business Systems - www.mbsys.com.auAll rights reserved
  42. 42. mbojilov@mbsys.com.au

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