caats - a way to avoid becoming a "tv star"
DESCRIPTION
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.TRANSCRIPT
Mario Bojilov, M Eng Sc (UQ), F Fin
Meta Business Systems
www.mbsys.com.au
“Automation is not technical in
character” – P. Drucker
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Take a step back from technology
and new horizons appear
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What‟s the real purpose? How a tool changed
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Technical Details Overview
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RDBMS
ProductionSystem
ConversionModule
ReportsReports
Data sub-sets
Compare
Data
Optical Disk
Technical Details Overview
RDBMS-based
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Technical Details Overview
RDBMS-based - 2-3 million transactions a week,
with daily peak loads of 1.2 million transactions
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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
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
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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
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Versatility in Use Data warehouse – analyse the data with ACL,
Statistica, Mathematica, neural networks, etc.
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Versatility in Use Data warehouse – analyse the data with ACL,
Statistica, Mathematica, neural networks, etc.
Management reports – be a „hero‟
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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.
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Versatility in Use (cont.) Archiving mechanism
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Versatility in Use (cont.) Archiving mechanism
Data conversion tool
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Versatility in Use (cont.) Archiving mechanism
Data conversion tool
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Old System
New System
CAATCompare
Compare
Versatility in Use (cont.) Archiving mechanism
Data conversion tool
Change management
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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
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CAATs are not auditing tools
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CAATs are not auditing tools CAATs are business, as well as auditing tools
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CAATs are not auditing tools CAATs are business, as well as auditing tools
Fraud prevention
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CAATs are not auditing tools CAATs are business, as well as auditing tools
Fraud prevention
Business protection/loss prevention
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CAATs are not auditing tools CAATs are business, as well as auditing tools
Fraud prevention
Business protection/loss prevention
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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
CAATs are not auditing tools CAATs are business, as well as auditing tools
Fraud prevention
Business protection/loss prevention
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Financial Services NEM participants
•Barings Bank bankruptcy -
1995 (£ 827 million)
•NAB forex scandal - 2004 (A$
360 million)
•Société Générale - 2008 (€
4.9 billion)
Different personalities and
culture
Relatively new market
CAATs are not auditing tools CAATs are business, as well as auditing tools
Fraud prevention
Business protection/loss prevention
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Financial Services NEM participants Carbon Trading
•Barings Bank bankruptcy -
1995 (£ 827 million)
•NAB forex scandal - 2004 (A$
360 million)
•Société Générale - 2008 (€
4.9 billion)
Different personalities and
culture
Relatively new market Coming in 2010
CAATs are not auditing tools CAATs are business, as well as auditing tools
Fraud prevention
Business protection
PR
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CAATs are not auditing tools CAATs are business, as well as auditing tools
Fraud prevention
Business protection
PR
Banks
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CAATs are not auditing tools CAATs are business, as well as auditing tools
Fraud prevention
Business protection
PR
Banks
Gaming
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CAATs are not auditing tools CAATs are business, as well as auditing tools
Fraud prevention
Business protection
PR
Banks
Gaming
Tabloid journalism
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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
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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
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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%
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CAATs are not auditing tools CAATs are business, as well as auditing tools
Fraud prevention
Business protection
PR
Performance improvement
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How to get the system you need? WIIFM
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How to get the system you need? WIIFM – be „multi-lingual‟
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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
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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
2. Technology is just a tool. How and what you use it for makes all
the difference
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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
2. Technology is just a tool. How and what you use it for makes all
the difference
3. Don‟t try to plan everything
Copyright © 2007-2008 - Meta Business Systems - www.mbsys.com.auAll rights reserved
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
2. Technology is just a tool. How and what you use it for makes all
the difference
3. Don‟t try to plan everything
4. Technology rarely fails on its own, people usually make it do so
Copyright © 2007-2008 - Meta Business Systems - www.mbsys.com.auAll rights reserved
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
2. Technology is just a tool. How and what you use it for makes all
the difference
3. Don‟t try to plan everything
4. Technology rarely fails on its own, people usually make it do so
5. Identify and/or create your allies
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Copyright © 2007-2008 - Meta Business Systems - www.mbsys.com.auAll rights reserved