Bombay Chartered Accountants Society

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1 Bombay Chartered Accountants Society Accounting & Auditing Committee Chairman: CA Himanshu V Kishnadwala Convenors: CA. Chirag Doshi, CA. Amit Purohit & CA Rajesh Mody GRC Subgroup Coordinator : CA. Nandita Parekh Data Analytics for Internal Audit November 16-17, 2018 December 7-8, 2018 Data Analytics for Internal Audit is presented as a series of 2 workshops. An initiative of the GRC subgroup of the Accounting and Auditing Committee of the BCAS, these twin workshops are designed with the objective of providing focused learning opportunity with hands-on training spread over 2 days each. Data Analytics has always been a powerful tool for internal auditors, and with its proliferation as well as changing technologies to handle it, has been identified as one of the areas where significant skill building is the need of the hour. To address this need, these twin workshops have been conceptualized to enable participants to gain confidence in integrating data analytics as an integral part of their internal audit methodology. Use of data analytics would help in reducing audit time, in arriving at insights and helping draw observations based on complete data universe as opposed to

2 sample. It will also help raise red flags, and help identify outliers and deviations that merit further work. Workshop 1: Analytics with Advance Microsoft Excel. Workshop 2: Analytics with IDEA software tool. (Detailed course contents at the end of this announcement) As both the workshops involve hands on training, the number of participants for each workshop will be restricted to 30 only. Considering the limitation on the number of participants that can be accommodated, we will accept registrations on a first come first served basis. We request a maximum of 3 participants from a single organization. Participants would be expected to have working knowledge of Microsoft Excel and will be required to bring in their own laptops for the entire duration of both the courses. Course Details: Course Anchor CA Nikunj Shah Date Friday, November 16, 2018 Saturday, November 17, 2018 Time 9.00 a.m. to 5.30 p.m. (on both days) (Breakfast 9.00 a.m a.m.) Venue Hotel Parle International B N Agarwal Market, Next to Dinanath Mangeshkar Hall, Vile Parle (E), Mumbai CA Deepjee Singhal Friday, December 7, 2018 Saturday, December 8, a.m. to 5.30 p.m. (on both days) (Breakfast 9.00 a.m a.m.) Hotel Parle International B N Agarwal Market, Next to Dinanath Mangeshkar Hall, Vile Parle (E), Mumbai Participation Fees (for each course) Members including CA Student Members - Rs. 5,000/- + GST Rs. 900/- = Rs. 5,900/- Non-members - Rs. 6,000/- + GST Rs. 1,080/- = Rs 7080/- Participation Fees (for participants registering for both courses prior to October 31, 2018) Members including CA Student Members Rs. 9,000/- + GST Rs. 1,620/- = Rs. 10,620/- Non-members - Rs. 11,000/- + GST Rs. 1,980/- = Rs 12,980/- (Fees include course material if any, breakfast, lunch, 18% GST and Rs. 50/- towards contribution to BCAS Foundation) Important Note: Chartered Accountants can become BCAS Members by paying Rs. 1500* per Annum and avail the discounted rate for this and all other BCAS events held during the year. Click to download application form for Life Membership/Ordinary membership/corporate Membership. (*excluding taxes and entrance fees).

3 Data Analytics for Internal Audit -1 Analytics Using Microsoft Excel Course Anchor: CA Nikunj Shah Training Program Objective To enable participants leverage advance MS-Excel functionalities for assurance analytics is the objective of this unique two days training program. Methodology Hands-on exercises in MS-Excel, using a learn-by-doing approach, on real world (realistic) data files interspersed with brief lectures and brain storming sessions. Take away: On completion of the training program, you shall be able to use advance MS-Excel functionalities for assurance analytics to: Connect MS-Excel worksheet to corporate (or Tally) database & extract any data that you want Get Kaleidoscopic views on data by slicing and dicing the data Implement Digital Analysis techniques like Benford's Law and Relative Size Factor Theory (RSF) in Excel to identify red flags or fraudulent transactions Use Pareto analysis (80-20 rule) and identify high value (and high risk) transactions Perform a Time Dimension analysis on data, learn to interpret results Connect your Excel worksheet to live data on the Internet and (for e.g.) track current value of investments Work with large data sets (even more than million rows) in Excel Automatically , from a single report within Excel, each account holder's transactions (e.g. for confirmation) to its respective IDs Detect non-compliance with organizational policies & compliance framework. Identify revenue leakages, double payments, etc. Who should attend? Internal Auditors, Information Systems Auditors and Forensic Accountants and Investigators. Data Analytics for Internal Audit -2 Analytics Using IDEA Software Course Anchor: CA Deepjee Singhal

4 Indicative Course Contents Day 1 Topics & Contents: Overview and Current Developments in Data Analytics Continuous Controls Monitoring in action Monitoring for Governance Designing and maintaining a continuous control monitoring program including dashboards, notifications, alerts, issue tracking, escalation and resolution for improved Governance. Analytics at Work - Possibilities Correlation identifying high risk audit groups based on a computed score of the linear relationship between variables. Fuzzy Duplicates - perform text field based similar sounding duplicate checks Discovery - use IDEA s proprietary intelligence to identify trends, patterns or anomalies in data that merit attention. Visualization - build customized visual dashboards to gain never before insights and reflections into your data. Complex PDF Report Mining making analytic sense of complex free text unformatted PDF files. Macro Management Repetitive Analytics through Macros Panel Discussion Implementing Data Analytics A Winning Strategy for Internal Audit Faculty CA Deepjee Singhal CA Nipul Chandiwala Finance Director South & South East Asia, Dachser India Pvt Ltd Mr. Jairam Rajshekhar, Director Client Relations, Sama Audit Systems and Softwares Pvt. Ltd. Panel Moderator CA Deepjee Singhal Panel Members CA Amit Pandit CA Himanshu Vasa CA Jyotin Mehta CA Satish Shenoy Day 2 Trainer/Faculty from Sama Audit Systems and Softwares Pvt. Ltd. will lead the Hands on Workshop using IDEA Software on Day 2 Introduction Understand IDEA, its interface, its online Help, benefits arising on usage, regulatory drivers to usage, stages in the use of IDEA, prerequisites to usage with client project creation. Data Import Learn to import spread-sheet, text and report files through IDEA s robust Import Assistant. Pick-up common hints and tips for easy data retrieval and import. Case Study 1 Vendor Payments Analytics Practice how to identify irregularities, isolate specific items and profile data in a Purchase to Pay case study like duplicate bill booking, bill splitting to circumvent approval limits, vendor

5 favouritism and more. Case Study 2 Corporate Travel Analytics Adopt the techniques to append computed fields, devise sampling plans and build simple equations in a Travel case study like duplicate travel claims booked, identifying preferential carriers, departmental employee grade wise travel expense analysis and more. Case Study 3 Customer Billing Analytics Appreciate the methods to work with multiple reports across disparate application systems in an Order to Cash case study like unauthorized sales in excess of the credit limit, irregular discount patterns, top area customer product agent margin sales analysis and more. Notes to Participants ~ 1. Day 1 is lecture sessions. Day 2 is hands-on training using IDEA Software. 2. Participants to carry their Laptops on both Days. Fully Functional License of IDEA Software will be installed on their Laptops at the end of Day 1, for their use on Day 2.

6 Date : Name : Enrolment Form Data Analytics for Internal Audit Address : Mobile : BCAS Membership. No. (If Applicable) : GSTN: Please provide your GST Provisional ID with a copy of certificate at the time of transaction. No amendment will be made in the Invoice or Receipt on a later date. Attending 16/17 th November 2018 Attending 07/08 th December 2018 Or Attending Both Tel. (O) : Tel. (R/M) : Food Preference (Tick any one preference): Veg..., Jain... Cash/Draft/ Cheque no : Drawn on : Bank Dated : Amount Rs. Date: Signature of Participant Note: Payment Mode can be: Cheque / Demand Draft / Cash or Electronic Card (at BCAS office only). Please mention your name and membership number (if applicable) on the reverse side of the cheque/ Demand Draft. Kindly note that the cash counter timings are from a.m. to 5.30 p.m. on Monday to Saturday. The lunch time is 1.30 p.m. to 2 p.m. Participants are requested to co-operate in this regard. The Cheque/ DD will be in the name of Bombay Chartered Accountants Society. Your participation will be confirmed only after the realization of payment at BCAS, for which a receipt will be provided for your reference. Cancellation Policy: Kindly note that no refund will be given in case of cancellation for any reason and no substitute will be allowed, once the enrolment form is submitted 7, Jolly Bhavan No. 2, Ground Floor, New Marine Lines, Mumbai Tel