Intro of Key Features of S-CAAT

Intro of Key Features of S-CAAT
Powerful Data Analytics Performed from Excel
on Large Volume of Data in SQL
https://www.wincaat.com

Global Leading Solution Provider in Data Analytics
for Empowering Professionals to realise potential
by Applying Thought to Technology.
Revolutionize Assurance, Compliance and
Consulting Services by Providing
Powerful Tools & Techniques
for Performing Data Analytics, BI and AI.

With Innovative Software Solutions,
We Empower CAs & CXOs to Harness:
Power of
Technology to
Provide Value
Addition through
IT-Enabled Service
offerings.
Subject Matter
Expertise and
Domain Knowledge
to Provide Existing
and Innovative
Services.
Professional
Potential to Provide
Value Addition as
Knowledge Workers
and be more
Effective and
Productive.

Higher use of Technology.
Greater Value Addition and
Serve your Clients in Shorter Time with
Deploying Systems and Solutions for Scaling up Services for
Empowering you to:

Add in to MS
Excel. Blends
simplicity of MS
Excel with the
power of SQL
Database!
Perform Powerful
Analytics on
large volume of
Data in a few
clicks using
comprehensive
list of DA
Functions
Designed to
analyse data
from Assurance,
Controls &
Compliance
Perspective with
minimal training.
Most reliable &
relevant Data
Analytics/BI
Software for
Auditors, CXOs
and Fraud
Investigators.
Why use S-CAAT?
Connect to SQL Data
to Perform Analytics

S-CAAT: Add-in to MS Excel
Connect to SQL Data to Perform Analytics
Enables users to perform tests with the click of a button on large volume of Data!
Easy-use-to-use interface with a comprehensive collection of DA/BI functions.
Designed to analyse data from Assurance, Controls & Compliance Perspective.
Blends simplicity of MS Excel with the power of data from SQL Database!
Breaks the myth of requirement of time-consuming training of team to get started!
Most reliable & relevant DA Software for Auditors, CXOs and Fraud Investigators.

Features of Auto S-CAAT Version

Can you Re-Imagine the Future of Auditing
with IT & Play a Key Role in Creating it with IT?
Internet and Information Technology will be an Engine of Growth for the Indian Economy & Enterprises.
Internet is a Powerful Equalizer. Can you assist your clients to harness benefits of Internet & IT.
Are you investing in training/equipping your team/your clients to accelerate their journey of growth?
Are you reinventing your service offerings by constantly investing in innovative IT?
Are you in a sweet spot to help Enterprises and Regulators with their Digital Transformation journey?
Can you partner with Industry/Ecosystem & create a team to enhance Value of your Service Deliverables?

How to be a NextGen Digital Accountant?

The Future will be exponentially Digital.
Chartered Accountants can
Future-proof their career
with Knowledge and skills of Data Analytics
to enhance value from their core competencies.
We have a host of solutions with inbuilt knowledge-base in the
field of Data Analytics to prepare you for this Digital Age.
Future is Digital and the need is Data Analytics

We have Invested time and resources to Creating Suite of Solutions
with required Knowledge-base.
We empower you with Online Courses to Explore and Exploit the Digital
Data with relevant Tools and Technologies!

Data Analytics Skills: a “Want” or a “Necessity”
•Data is the lifeblood of a
modern enterprise.
•Data analytics is a must-
have capability for the
audit function and is
widely expected to
become a big part of its
future.

Using Data Analytics is an Art and a Science
Data Analytics is an art requires
understanding of business
process and application of
techniques to specific areas of
control to identify:
CAs are best suited to Perform
Data Analytics with their core
competencies in the areas of:
• Conformance
• Deviations
• Exceptions
• Variances
• Business processes,
• Compliances,
• Assurance and Finance
We empower CAs with the Key Knowledge and Skills (the science) of Data Analytics
which is critical to Apply to Digital data (the art) to provide Value Addition.

What are CAATs?
Computer Assisted Audit
Techniques (CAATs)
Computer Assisted Audit
Tools and Techniques
(CAATTs)
Facilitate auditors to
increase their personal
productivity as well as that
of audit function and add
value
Software tools for auditors
to access, analyse and
interpret data, and to draw
an opinion for an audit
objective.
Leverage power of
technology for providing
better assurance
Empower Auditors to
Access and Analyse Digital
Data from Any Software in
any format.

Functional Capabilities of CAATs
• Enables the reading of different record formats
and file structures
File access:
• Enables the indexing, sorting, merging and linking
with another file
File reorganization:
• Enables global filtration conditions and selection
criteria
Data selection:
• Enables sampling, stratification and frequency
analysis
Statistical functions:
• Enables arithmetic operators and functions
Arithmetical functions:

Functional Capabilities of CAATs
What
Specific
objective
s that
should be
addressed
by the
analysis
When
Define the
period of
time that
will be
audited,
and arrange
with IT
personnel
to secure
the data for
that period
Where
Define the
sources of
the data to
be analyzed
(Accounts
Payable,
Payroll)
Why
Reason for
performing
the tests
and
analysis
(general
review,
Audit, FI,
BI or MIS)
How
Types of
analysis
planned to
be carried
out by the
audit (be
dynamic in
changing
your tests
as required)

CAATTs/Analytics: Key features
• Review large population and
determine true areas of risk to Isolate
“red flags” and drill down.
Drill-down
analysis:
• Begin with entire population and filter
for transactions matching specific
criteria.
Exception
analysis:
• Compare separate data files and look
for disparities or matches (e.g.,
phantom vendors)
File matching:

What is S-CAAT?
Use eCAAT to Connect to SQL from Excel to perform Analysis
• Developed by Auditors for Auditors to
Audit any Digital Data.
• Expert team-effort of > 25 man-years.
• Add-in to MS Excel as a new tab
• Use in any Assurance, Compliance,
Analytics or BI Assignment.
• Right blend of Simplicity.
• Ease of Use with Few Clicks.
• Ready for use with Min. Training.

What can you do
with it?
27
Connect to SQL
FROM Excel to
perform
Data Analysis
for Compliance,
Assurance,
BI or FI OR MIS

Add-in to MS Excel
Software
Easy to use and
Simple to Learn
Look & Feel of MS
Excel but with
Power of Database
Powerful
Automated Data
Analytics with
> 240 Functions
Automate
Complex
Analysis in a Few
clicks with Auto
Documentation
What is S-CAAT?
Data Analytics on SQL Data from Excel to Analyse Large Volume of Data.

Who can use S-CAAT?
• Auditors: Financial, Compliance or IT, CXOs, Fraud/Forensics
investigator….
Those who are working as:
• Infer Insights from Information from any electronic format or
software!
Those who have to use Data
Analytics to:
• Enhance skills, grow in their career and be more effective.
Those who would like to:
• Use IT Tools and skills for accessing, analysing and auditing
electronic information.
Those who have to:
• Supplement their Knowledge and Skills to provide value addition
Those who have to:
• Investigate and report on frauds in electronic information of
automated environment.
Those who have to:

Automatic Audit Trail of analysis performed to facilitate peer review and context of
the findings and to rerun functions as required.
Standardise Methods for Access, Processing and Performing Data Analysis.
Requires minimum IT support for Data Access or Analysis to ensure auditor
independence.
Provides Ability to Automate Audit tasks to Increase Audit Efficiency, Repeatability,
and Support with Standard/Uniform approach to Performing Analytics/BI.
Why Use CAATs in Audit?

Why Use CAATs in Audit?
Analyse entire data population as per scope and Objective of Assignment.
Importing data is easy and done in a few clicks and ensures data integrity.
Access, Join, Relate and compare data from multiple tables/sources.
Functions support scope and type of analysis as required with dynamic analysis

Need for Data Analytics in age of Digital Disruption
Technology is
driving rapid
transformation in
diverse and
dynamic ways
New Business
models and
information
systems are rapidly
implemented
Software-
driven
information
systems are key
differentiator
for enterprises
High impact of
ever-changing
technology on
enterprises and
professionals

3 USEFUL SETS OF PROFESSIONALS
Mindset SkillSet Toolset

When to use CAATs/Data Analytics/BI?
Mathematics is exact but
Statistics is approximate
Data is dumb but
information is intelligent
Data Analysis is about
leveraging human
intelligence
Inference requires more
application of intelligence
Drawing inference from
data analytics is based on
applying human
intelligence to technology
to get required results.
Immense computing
power helps blend the
power of computers with
intelligence to interpret
what data is.

Assurance – Key Factors to Consider
Business
Processes
Regulatory requirements
Organization
Structure
Technology
Deployed
Assurance
Process

Systematic Approach to Using CAATs
Set Objectives
Set Test
Objectives
Obtain Relevant
Data
Identify Tools &
Techniques
Perform Tests on
the Data
Evaluate Evidence
to infer Insights
Review Findings as
per Business
Context
Report Findings
and
Recommendations

Seven Steps for Performing Data Analytics
1. Identify Objectives & Deliverable
2. Identify Data & Platform
3. Understand Process & System
4. Document Controls & Tests
5. Apply Tools & Techniques
6. Draw Inferences & Insights
7. Prepare Outputs & Reports

Approach to using Analytics
Problems to
Analyse
Get/Process
Data
Analyse
Results
Measure
Insights
Apply
Learnings

How can Analytics be Applied in Audit?

Planning
Scope the
Audit
Build Audit
Plan
Request
Information
Fieldwork
Analyze
Data
Document
Results
Organize
Supporting
Evidence
Review
Identify
Findings
Review
& Sign-off
To-dos
(Review
Notes)
Reporting Follow-up
Report
Results
Track
Status
Track Time
& Budget
Roll forward
Archive
Track
Remediation
Where to use CAATs in Audit Cycle

Panels Brief Description of Panels in S-CAAT
Curate Transform data in a standard structure to be usable for data analysis as
required.
Ensures that data is formatted and purified for use in data analytics.
Profile Analyse the data contents to get an overall perspective of data.
Validate data at a macro level & assess whether the data is correct and
complete.
Analyse Examine the data in detail to discover essential features by breaking data
into specific components by grouping, identifying and reviewing specific
features.
Investigate Observe or inquire the data in detail with systematic examination by making
a detailed inquiry or search to discover facts and insights to draw inference.
Document Record critical steps of data analytics by documenting steps used during
analytics.
Utilities Unique functions that complement & enhance use of Excel & are great
time-savers.
Connect to
Database
Provides option to connect to SQL Database to get access to relevant data
from the tables. It also has functions to import data from Excel and SQL.

Curate Data
•Convert
•Format
•Remove
Curate refers to
transforming data in
a standard structure
to be usable for data
analysis as required.
Curation of data
ensures that data is
formatted and
purified for use in
data analytics.
Specific Menus:

Profile Data
• Data
• Stratify, Summarize,
Totals, Classification
• Details
• Column Statistics,
Column Properties
• Search
• Find & Navigate, By
Columns, By Rows,
Multiple Values
Data profiling refers to
the act of analysing the
data contents to get an
overall perspective of
data. This helps in
validating data at a
macro level and assessing
whether the data is
correct and complete.
Specific
Menus/Functions:

Analyse Data
• Identify
• Duplicates, Gaps, Outliers
• Sampling
• By Selection, By Criteria, By
Criteria-Analysis, By Profile-
Stratified/Classification, Analysis,
Classifier
• Changes
• Fuzzy Match
• Sort & Filter - Filter
• Split Sheet
Analyse refers to
examining the data in
detail to discover
essential features by
breaking data into
specific components by
grouping, identifying
and reviewing specific
features.
Specific
Menus/Functions:

Investigate Data
• Analysis
• Classifier, Stratum, Comparitive,
3D-Reports
• Trendline
• Stratify, Classifier,
Classification, Analysis, Results
• Query
• Statistics
• Relate
• Append Files, Validate
• Templates
Investigate refers to
observing or inquiring
the data in detail. This
involves systematic
examination of data by
making a detailed
inquiry or search to
discover facts and
insights to be able to
come to a conclusion.
Specific
Menus/Functions:

Document
• Index
• File Info
• Index Tables
• Index Databases
• Log:
• Database History
• Audit Log, Enterprise Info
• System Info, License Info
• Rerun
• Refresh
• Test Data
Documentation
refers to recording
critical steps of data
analytics. The
functions help
document the steps
used during data
analytics.
Specific
Menus/Fnctions:

Utilities
•Tables
•Columns
•Hide / Unhide
•Print Setup
•Charts
Provides unique
functions which
complement and
enhance the use
of Excel and are
great time-savers.
Specific Menus:

Connect to Database
• GetData
• Tables
• Current Table
• Import to Excel
• Import to SQL
• Close Conn.
Provides option to
connect to SQL
Database to get
access to relevant
data from the
tables. It also has
functions to import
data from Excel
and SQL.
Specific Functions:

Generic Use Case of S-CAAT: What can you do with it?
• S-CAAT is an add-in software to MS Excel which can be performed from Excel by
connecting to SQL database. It has been specifically designed to perform Data
Analytics/BI on large volume of data.
• The analysis can be performed on existing database of SQL, or any other data can
be imported into SQL database. The user will connect to relevant SQL database as
required, select the relevant table and perform any of the > 240 Functions. If
required, data can be imported to SQL database from other sources.
• S-CAAT blends the simplicity of MS Excel with the power of SQL Database. Users
can Perform Powerful Analytics on large volume of Data from Excel in a few clicks
using comprehensive list of Data analytics Functions of S-CAAT.
• S-CAAT is designed to analyse data from Assurance, Controls & Compliance
Perspective with minimal training which makes it one of the most reliable &
relevant Data Analytics/BI Software for Auditors, CXOs and Fraud Investigators.

Generic Use Case of S-CAAT: Walk-through of Functions
• User has a quick walk-through of the Tabs which include:
• Connect To Database
• Curate
• Profile
• Analyse
• Investigate
• Documents
• Utilities

Generic Use Case of S-CAAT: Understand Relevant Functions
• The user selects the relevant functions in the Connect to Database panel
to connect to SQL Database to get access to relevant data from the
tables. It also has functions to import data from Excel and SQL.
• The user selects the relevant functions in the Curate panel to transform
data in a standard structure to be usable for data analysis as required.
The various functions of curate enable user to format and purify the data
so that it is easy to perform analysis of data as required.
• The user selects the relevant functions in Profile panel to analyse the
data to get an overall perspective of data. This enables the user to
validate data at a macro level and in assessing whether the data is
correct and complete.

Generic Use Case of S-CAAT: Understand Relevant Functions
• The user selects the relevant functions in Analyse panel to examine the data in
detail to discover essential features by breaking data into specific components
by grouping, identifying and reviewing specific features.
• The user selects the relevant functions in the Investigate Panel which
empower the user to observe or inquire the data in detail with systematic
examination by making a detailed inquiry or search to discover facts and
insights and to infer insights.
• The user selects the relevant functions in Documentation panel for verifying
the recording of critical steps of data analytics.
• The user selects the relevant functions in Utilities panel to scheduler the
performance of selected tasks/functions of Auto S-CAAT as per requirement.

Generic Use Case of S-CAAT: User has walk-through of
the various powerful functions available in menus of:
• Remove
• Format
• Convert
• Data
• Details
• Search
• Identify
• Sampling
• Changes
• Fuzzy Match
• Sort & Filter
• Split Sheet
• Analysis
• Trendline
• Query
• Statistics
• Relate
• Templates
• Index
• Log
• Tables
• Hide / Unhide
• Print Setup
• Charts

Specific Use Case:
Auditing Journal Entries Using S-CAAT
ACAfirmisconductingFinancialAuditofaListedcompanywhich
hasmaintainedtheiraccountsinanERPsoftware.
TheCAfirmhasdecidedtouseDataAnalyticsinAuditandhas
speciallychosenS-CAATtoperformvariousTypesofTestsofJournal
Entries(JE)andotheradjustmentsforevidenceofpossiblematerial
misstatementduetofraudandtoconfirmthattheJEaccounted
duringtheauditperiodarecorrect,complete,validand authorised.

Specific Use Case of S-CAAT: List the Steps
The CA firm documented the steps in auditing JE included the following:
• Step 1: Consider the risks of material misstatement due to fraud identified in planning the
engagement and their effect on the nature and extent of journal entry testing.
• Step 2: Obtain an understanding of the entity’s financial reporting processes and the controls
over journal entries and other adjustments.
• Step 3: Perform audit procedures to determine the completeness of the population of journal
entries and other adjustments.
• Auditors design procedures to test the appropriateness of journal entries recorded in the general ledger
and other adjustments. For Example: Entries posted directly to financial statement drafts made in the
preparation of the financial statements.
• Step 4: Identify and select journal entries and other adjustments for Testing.
• Step 5: Perform journal entry audit procedures, gather sufficient evidence, and document
results

Specific Use Case of S-CAAT:
Identify Possible Fraudulent Journal Entries
The CA firm Performed Risk Assessment and identified possible risk scenarios. For example:
1. Accounts Payable can be understated by recording post-closing journal entries (i.e., writing off
liabilities to income);
2. Adjustments to reserves and allowances can be understated or overstated;
3. Top-side adjustments can be made to improperly reduce liability accounts and increase revenue or
decrease expenses; Expenses can be reclassified to reserves and inter-company accounts,
thereby increasing income;
4. False sales can be reversed after year-end; out-of-period revenue can also be recorded to inflate
revenue;
5. Transactions can be recorded in un-reconciled accounts, e.g., cash, inter-company balances;
6. Repair costs can be improperly capitalized as fixed assets.

Specific Use Cases of S-CAAT: Testing Procedure
The CA firm decided to adopt following Test Procedures:
Identify anomalies in JE data such as entries posted:
• By non-accounting personnel
• By senior management, including the controller and IT personnel
• On weekends or holidays
• At odd times of the day or on unusual days
• In whole amounts or amounts ending in 999
• From unusual sources
• To accounts that are used infrequently
• With blank or little description
• With a long lapse of days between effective and posted dates or
where the effective date is earlier than the posted date, which
could be an indication of back dating
68

Specific Use Case:
Sample CAAT Queries Performed using S-CAAT
1. Find journal entries (JE) that do
not balance
2. Find gaps in JE number
sequence
3. Find high-value journal entries
4. Find possible Duplicate JE
5. Find round-value JE
6. Show JE information by
employee
7. Find all JEs made by specific
employees.
8. Show values for the ‘JE type’
code.
9. Find manual JE entries
10. Find Sample JE (random or
high value)
11. Find specific JE (by month, day
or JE#)
12. Find all JE for specific accounts
13. Find all JE for a range of
accounts
14. Find post-dated entries of JE
15. Find entries with unusual (non-
standard) descriptions in JE
16. Find JE posted on weekends or
holidays.
69

Specific Use Case of S-CAAT: Key Benefits
• The team of the CA firm was able to perform audit test procedures and CAAT
Queries with the click of a button on large volume of Data!
• The easy-use-to-use interface with a comprehensive collection of DA/BI functions
allowed them to perform complex queries to infer insights.
• Staff who had experience of using MS Excel were able to use S-CAAT functions and
exploit the power of data analytics with minimal training.
• The CA firm was able to perform the assurance in much quicker time but with
much better coverage of risks and provide findings and recommendations to
management based on results of Data Analytics.
• The coverage of assurance included not only risks and controls but also Fraud
Investigation and generation of BI/MIS reports as per requirements of assignment.
• The CA firm was able to provide better assurance by analysing data from
Assurance, Controls & Compliance Perspective.
You can see the Complete List of Functions with Brief Description at:
https://wincaat.com/Features_SCAAT/Functions.aspx

Thank you!
Email: sales@wincaat.com

Intro of Key Features of S-CAAT

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