Wincer Infotech Limited

No. 26, I Floor, CSI Compound, II Cross, Mission Road, Bangalore-560027, India Phone: 91-80-22995685, 91-80-22294629, Website: www.softcaat.com, Email: info@softcaat.com

Introduction
Innovation in Information Technology has offered extensive solutions making most employees in an enterprise user of IT. This has resulted in most of the business processes ranging from customer inquiry to financial results being available at the click of a button. The IT solutions available to end-users range from simple accounting software to end-to-end solutions catering to all level of users in an enterprise. IT has revolutionised the way data is processed in an enterprise. Information systems, regulatory compliance, internal controls, MIS, work-flow, documentation, communication, etc. have been computerised through various IT solutions ranging from simple single-user desktop accounting to web-enabled eCommerce transactions and Business Process Outsourcing. However, the maze of IT solutions has not diluted but has increased the need for implementing proper system of internal controls and their continuous evaluation. Auditors both internal and external (whether general or IS) primarily provide assurance to their clients. Although in a dynamic IT environment, the type of business processes and mechanism of their execution are dramatically different, the scope and objectives of audit do not change. However, the challenge for auditors is to keep on evolving their methodology with changing technology. There have been very few affordable IT solutions available for auditors to assist them in auditing an IT environment and even these solutions were expensive and outside the reach of most auditors. Auditors had to still rely on manual methods for providing assurance. Wincer Infotech Limited is delighted to offer affordable audit software solutions. Wincer is pleased to offer SoftCAAT, audit software designed to enhance audit productivity and help auditors in providing better assurance and value addition to their clients.

Wincer Infotech
Wincer Infotech Ltd. is a Public Limited company incorporated in the year 1994 under the Indian Companies Act. The promoters include a senior Chartered Accountant specializing in the area of audIT of Information Technology. Wincers Mission is to provide Software Solutions for the Digital AudITor for enhancing audit effectiveness and productivity. Wincer is focusing on providing specialized software solutions for auditors. Wincer has a team of Chartered Accountants with blend of audit, IT, and IS audit experience of more than 25 man-years and development effort of more than 10 man-years.

Our Vision
Aspiring to be a globally recognized company that provides best-of-breed audit software solutions. Wincer believes in adding value by providing easy to learn, simple to use, functionality rich and costeffective software solutions, which help auditors to add value and enhance productivity. SoftCAAT Knowledge Inference Tool for audITors audIT software developed by audITors for audITors for audITing In the digital decade, the need for IT governance and IS assurance services is gaining increasing prominence. Increasing pace of deployment of Information technology is making it imperative that AudiITors have practical knowledge of using IT as a tool for drawing inferences and gathering relevant and reliable evidence as per requirements of the assignment. Computer Assisted Audit Techniques (CAATs) are tools for AudITors, which provide direct access to digital information and facilitate in conducting an effective and efficient audit. CAATs are a significant tool for audITors to gather information independently. CAATs can be used in various types of Audits. CAATs provide a means to gain access and to analyze data for a predetermined audit objective and to report audit findings with emphasis on the reliability of records produced and maintained in the system. The reliability of the source of information used provides reassurance on findings generated. AudITors should have a thorough understanding of CAATs and know where and when to apply them. AudITors to be effective need to gain practical experience in using CAATs for various Assurance assignments.

Why use SoftCAAT

In an increasingly digitized world, one of the greatest challenges for an Auditor is to use Tools to access, analyze and audIT digITal data. Auditors wish to move from ticks to clicks and learn to harness the power of computer. Auditors dilemma has been to find easy-to-use and affordable software for audITing. Wincer InfoTech is pleased to provide the right solution to solve this dilemma. Wincer InfoTech is delighted to present SoftCAAT (Software which facilitates Computer Assisted Audit Techniques).

SoftCAAT the key differentiator

The Key differentiator between a skilled professional and unskilled professional is in knowing HOW to use the Right Tools as relevant. SoftCAAT, designed by Indian Chartered Accountants offers audit software of international quality at an Indian price. SoftCAAT has a host of features, which will make accessing, analyzing and audITing digITal data simple and easy. Usage by experienced auditors in conducting practical audit of different types has proven that learning SoftCAAT is easy, takes little time to learn, enables 100% audit of data and does enhance auditIT productivity. With SoftCAAT, the focus of audITor shifts from time-consuming manual verification audit procedures to intelligent analysis of data to provide assurance to clients and mange audit risks. The four key benefits of using SoftCAAT: 1. Align audIT with IT and Business of AudITee 2. Provide better assurance to Auditee clients 3. Manage audIT risks effectively and efficiently 4. Enhance audit performance and productivity by using effective use of IT

SoftCAAT Design
SoftCAAT is engineered with the right features and functionality for audit, designed with audit perspective and built with Windows GUI platform. Rich audit functionality, ease of use and simple to learn makes SoftCAAT an invaluable component of the audIT-KIT (Knowledge Inference Tool) to meet challenges and also create new avenues of assurance and consulting in the digital decade. Right from the Caption bar to the Status Bar, SoftCAAT has been designed in such a way to facilitate ease of use and provide all relevant options. The power of software is in its simplicity to use through right-click /double-click on specified columns or file. The wizards for all complex functionality are a special feature of SoftCAAT.

Power of IT for audIT

SoftCAAT builds on the core competency and functional knowledge of the auditor and provides easy and independent access to auditee data regardless of the type of platform in which data is stored. SoftCAAT has a host of best-of-breed features specially designed for data interrogation and analysis. SoftCAAT can be used to draw the right inference from data and facilitates auditor to be a knowledge worker of the digital age. SoftCAAT provides auditor the power of IT as a tool to audIT any digitized data, systems and controls. An overview of functionality and some practical examples of using SoftCAAT are given in following pages. This list is only illustrative and not exhaustive.

SoftCAAT - Functionality evaluation

Best-of-Breed features Rich in functionality High in quality High in Technology Interoperability Flexible Networking Modular Best practices Rapid implementation Scalability Security Portability Easy to use International Cost-effective Support & Training Information Access Support and Training Listing of Key Features Auditee-wise database Multiple audits for each Auditee Integrity of data imported Security for tables imported User access controls for each table Importing of files Database, Spreadsheet, ASCII, SDF, Tally, Print, etc Export to MS Access, or any database or text format Statistical and Mathematical Computations Different types of Mathematical and Statistical analysis of data Printing of reports\export reports to MS office Graphical analysis through charts and pivot table Filter data on the fly with right click Sort data on double-click Statistics of column with single-click on column name Drill down and analyse data to the required level Email audit data on the fly User friendly Extensively tested - robust Built on windows platform Helps comply with CAAT guidelines Designed by auditors for audit to audit Front end VB 6.0, Windows ME, Windows 2000, WindowsXP Data is transferable from different MS office products Import from most database and text formats Import data from any database, ASCII, Text, SDF, print formats Works on any Windows OS Perform same function in different ways sort by double click on column or perform multiple sort by using menu option Single user works on any Windows PC in stand-alone or in network. Import/Export files over a network. Capable to integrate with different application software CAAT standards of ISACA and ICAI Guidelines considered in design and development including practical experience of team Simple installation within 5 minutes. Ready-made templates and audit tests Able to handle any volume of data Each of the files can be secured through user-specified password Upgradeable to Corporate edition (SQL Version) General Usability Items Multi-lingual utility in pipeline Very attractive price User friendly online help features and Easily usable reader manual Define MIS, Statistics Reports, Audit notes, audit logs, executive summary, Free upgrade, maintenance and telephonic support for 1 year from date of purchase Installation and training available at nominal cost

Wherever there is a mouse there is a CAAT

Using
Category Creditors

SoftCAAT: Some Practical Examples

Type of Analysis Payment terms Credit Control Policy Aging of creditors Discount policy Authorised suppliers Authorisation Accounting Supplier classification on purchases Analysis of purchases by period Identify cash loan\deposits>20000 Identify cash payment > 10000 Review of TDS compliance Analysis of Inventory Review of Authorisation Review of discount policy Compliance with tax rates sales tax, excise duty, etc Verification of financial accuracy Aging of debtors Overall statistical analysis Identification of exception items Duplicate payment for invoices Debtors outstanding beyond credit period Age-wise analysis of debtors Age-wise analysis of inventory Duplicate payments Invalid vendors Duplicate invoices Invalid purchases Payments without receipt of goods Inflated prices Excess quantities purchased Ghost employees TDS Duplicate direct credits Duplicate home addresses PO Box addresses Work Phone Nos. Work Location Deductions Vacation and sick leave Wage level Terminated employees Overpayment, overtime Overdue A.R. and A.P. Favorable credit terms Inventory turnover rates Dormant accounts Records with future, blank or otherwise invalid dates Items past a cutoff date Contracts awarded before contract date Transactions outside of billing period Length in days of various activities CAAT Function Extraction, Date difference Extraction, Date difference, Aging, date difference Stratification, Classify, Summarise Join, Relation, Sort, Filter, Extract, Classify Sort, Total, Count, Summarise Classify, Sort, Relation, Join Aging, MIS, date difference Sort, Filter, Extract, Export Sort, Filter, Extract, Export Join, Relation, Sort, Aging, MIS, Classify, Count, Total Filter, Extract, Classify Stratification, Classify, Summarise Join, relation, filter, extract, sort, count, Total, Compare files Summarise, Sort, Statistics, Total Aging, MIS, Periodicity check Statistics, Benfords Law, Summarise Benfords Law, Filter, Gap detection Identify duplicates, Sequence, Join, Relation, Aging, Classify Aging, MIS, Classify, Statistics Aging, MIS, date difference Aging, Stratify, Classify, Total, Count Identify duplicates, Sequence, Relation Join, Relation, Sort, Classify, Filter Identify duplicates, Sequence, Relation Join, Relation, Sort, Classify, Filter Join, Relation, Compare files, Filter Filter, Sort, Stratify, Join, Relation Filter, Sort, Stratify, Join, Relation Join, Relation, Classify, Sort, Statistics Re-computation using analytical tool Identify duplicates, Sequence, Relation Identify duplicates, Sequence, Relation Identify duplicates, Sequence, Relation Identify duplicates, Sequence, Relation Identify duplicates, Sequence, Relation Re-computation using analytical tool Re-computation using analytical tool Join, Relation, Summarise, Statistics Join, Relation, Filter, Statistics Classify, Statistics, MIS, Join, Relation Aging, MIS, date difference Aging, MIS, date difference, Stratify, Filter, Classify, Identify Gaps, date difference Sort, Filter, Sequence, Identify Gaps, Date difference, Statistics, Count Date difference, Aging, Filter, Date difference, Aging, Filter, Classify, Summarise, Statistics Aging, Filter, Classify, Statistics Date difference, Aging, Filter, Classify,

Tax Audit

Financial audit

Internal Audit

Purchases

Payroll

Aging

Highlights of Key Functionalities of

Function 1. New Auditee and Audit 2. Import Wizard

SoftCAAT
Brief Explanation

New Auditee command creates a new Auditee for the audits to be conducted. You can record descriptive details of the Auditee and each audit. Imports the specified data file into its own database management system. Userfriendly Import wizard guides user through a series of steps and instructions for importing the file into the Software. Find command finds and highlights the specified search content present in the current active file. The Find All Having command and Find next command will find the first appearance of the search text. The Find All Records Containing command finds all the occurrence of the text to be found and filters the current active file based on the occurrence of the text. The Auto filter command is similar to the Auto Filter in Excel. It filters and displays the rows that met the selected value from the Filter list. Use sorting to display the data in the desired order on single field or multiple fields. Use this command to detect whether key fields in the current file contain duplicates in the sequence. It can be used to identify duplicates within a single field such as duplicate invoice numbers on an accounts receivable file. The Duplicate Key Exclusion command identifies duplicate items in a file but only where a further specified field is different. Sequence command checks for duplicate or missing document numbers, such as invoice or check numbers. Sequence always checks the designated key fields to determine if they are in sequential order and reports in the results. Numeric, character or date. Detect gaps in the sequence on numeric, character or date Selected data from a file for further investigation for creating a new file of logically selected records. Creates an external file that can be used directly by other Software for further processing. The External file created is of the requested format, containing the data as extracted based on specified conditions. Opens Microsoft Excel Application and displays the contents of the current active. You can save the file in specified name and path. HTML View command opens the Microsoft IE Browser and displays the contents of the current active.

3. Find

4. Auto Filter 5. Sort Fields 6. Identify Duplicates

7. Sequence

8. Identify Gaps 9. Extract 10. Export

11. Excel/HTML View

12. Stratify - Numeric, Stratification totals the number and value of records within each specified value band and produces a stratification report. You can extract the specified records by Date or Key Field
double clicking on the relevant stratum of the stratification result view. Date Stratification command totals the number and value (of selected fields) of records within each specified Date band. Character Stratification command totals the number and value (of selected fields) of records within each specified character band. Key Field Stratification command totals the number and value of records within each specified value band and produces a stratification report, for each major control break as the major index field key changes. Counts number of records relating to each unique value of a character field and accumulate totals of specified numeric fields for each value. Presents aged summaries of data. This summary may be based on the current date or a specified cutoff date. Perform analysis of transactions based on a periods such as Unique Date, Day, Month, Quarter or Year.

13. Classify 14. Aging 15. MIS Analysis

16. Statistics

Provides the summary of the current active file. It quickly highlights abnormalities in the file, which can then establish a direction for subsequent approach or analysis. Statistics produces summaries for each kind of data type i.e., Numeric, Date and Character data type. Accumulate totals of numeric fields for each distinct value of the key character fields. Key Field Summarization command accumulates the totals of numeric fields for each distinct value of the key character fields. Create a field with the result of the cumulative total of the selected numeric field for cumulative total. Computes the number of occurrence of the number 1 to 9 in the first digit of any numeric field in a file. It stratifies the numbers on the first digit sequentially from 1 to 9. If the first digit is zero, the digit, which starts with greater than 0, is taken. Combine the fields from two files and creates as a single file. Two files, indexed or sorted on the same key, are required to carry out this function. Data required for analysis may be stored in different files. You can relate records from these different tables and perform analysis and get the report. Compares two files based on specified numeric field and reports on differences between the two and also identifies number of records in each file for each key. Concatenate two files. Append records of primary file in the Secondary File. The appended file maintains the same record structure and the sorted sequence, which, has been maintained in the files selected for appending. Systematic Sampling command is an objective statistical sampling method to draw a number of records with fixed interval from a file. You can also select a set of random record numbers from an internally generated seed, (or one provided by yourself), and selects the records associated with each random record number. Templates are available in SoftCAAT which guide user in performing specific tasks. For example: Template of Credit Period Analysis primarily is used to find range of credit period and to confirm enforcement of Credit policy. The output of this analysis enables to find time taken by customers for paying dues in number of days starting from 0 day to 360 days. Captures some of the executed commands and stores as list. The executed set of tasks can be selected from list and re-run with same/different parameters. Used to quickly summarize large amounts of data. You can rotate its rows and columns to see different summaries of the source data, filter the data by displaying different pages, or display the details for areas of interest. Designed to offer maximum flexibility and features for data analysis. Audit Table command facilitates to view the Audit Table, which displays the command executed on the File along with the Date and Time. The information will be presented in a grid. Audit Log command is used to view the Audit Log sheet, which displays the command executed and the results of the performed task. The Audit log file shows both the commands along with the conditions set and summary of the audit tasks performed. Guides you with a series of steps for designing the report in the GUI Format. The command provides the option of previewing the designed report through the wizard. It provides the option of saving the report in the *.txt, *.xls, *.doc, *. HTML, *.rtf formats.

17. SUMMARIZE

18. Cumulative Total 19. Benford's Law

20. Join Files 21. Relationship Builder 22. Compare Files 23. Append Files

24. Sampling

25. Templates

26. Re-Run Task 27. Pivot Table

28. Analytical Tool 29. Audit Working Papers

30. Report Wizard

Are you ready to use the power of IT for audIT?

Can you trust your audit procedures? Are they relevant, reliable and auditable? With the right tool, you can audit like you never did before. Auditing digital information is a tough task; SoftCAAT makes it easy for you. Do you wish to enhance the effectiveness of your audit and provide better assurance to your clients? Come. Join the audIT revolution. Use SoftCAAT and provide value addition. For more details, please visit our website www.softcaat.com or email us at info@softcaat.com. You can reach us on 91-80-22995685 or 91-80-31813449.