CaseWare: Proffering a Complete AI Powered Audit Operating System

CIO Vendor With the implementation of digitalization and automation, there has been a rapid change in work processes across departments in every business, reducing human intervention to a minimum. In response to this, auditing industry has to undergo a paradigm shift to support growing digitization and stringent regulatory needs. Judging by the massive need and huge expectations of the market, auditing industry has been slow in responding to the juggernaut changes. Only a few of the companies with thought leadership have improved upon sewing technology into audit practices, and Canada headquartered CaseWare is a leader in this domain. The company holds the badge of serving Comptroller and Auditor General of India with its Auditing Solution. The company has tied up with the American Institute of Certified Public Accountants.

Talking about the value proposition of the solution in the market, CA Joseph Christy Antony, Director CaseWare India draws a parallel, saying, “This solution is like an operating system for Chartered Accountants just like windows is an operating system for PCs. The solution goes beyond the mere function of arranging documents and provides a complete audit methodology.”

Simplifying and Automating Auditing Practices
CaseWare is simplifying collaboration for Chartered Accountants and Auditors to improve the quality and efficiency of their engagements. The company, with the commitment of making modern auditing practices seamless and efficient, has implemented audit methodology in its technology. CaseWare audit solution provides complete audit trail with automation, customization, SA compliance, risk database, and audit procedure library.

To conduct an audit, auditors not only deal with huge volumes of data,
analyze them and report but they also have to understand the client’s complex IT Systems, assessing how they operate, checking the integrity of the reports generated by it, and scanning various security frameworks. Auditing the controls around an IT system and vetting the data generated by it becomes crucial for every auditor. The solution addresses all the key audit concerns and provides software functionality with industry standards. The solution can electronically manage client engagement documents including MS Word, Excel, PDF and other file and image formats.

Enabling Security, Privacy and Compliance
The solution is also available on cloud, and as a part of CaseWare’s commitment to data security, privacy, and compliance controls, the company has successfully completed a Service Organizations Controls (SOC) 2 Type 2 Examination Audit and is now certified. AICPA, the world’s largest member association representing the accounting profession, affirms that CaseWare Cloud ISMS meets the Trust Services Criteria for SOC2. AICPA SOC 2 for Service Organizations are examination engagements performed by a service auditor.

There are several other recognitions conferred on CaseWare. An independent auditing company, Control Case International, has corroborated that CaseWare Cloud meets the requirements given in ISO 27001, and that its ISMS is in alignment with best practices. ISO 27001:2013 is a widely recognized international standard that places requirements on how an ISMS identifies, analyzes and addresses information risks. Also, the Peer Review Board of the American Institute of Certified Public Accountants has certified CaseWare as “the system of quality control for the development and maintenance of the quality control materials of CaseWare International, Inc. was suitably designed and was being complied with”. Last but not the least, OnPoint PCR which combines AICPA methodology and guidance with CaseWare’s Dynamic platform, has been recognized by Accounting Today as a Top New Product of 2019 in the "attest tools" category.

With 30 years of experience and presence across 172 Countries, CaseWare has made over 10 million engagements and counting.