Better Controls A business imperative

2. Better Controls A business imperative In today’s rapidly changing economy, there is an increasing need for simple and effective systems for internal control. Poor corporate governance can destroy reputations, stock prices, revenues and profitability. Senior executives recognize that preventing fraud and revenue leakage is not just good business it has become essential for survival.

3. Organizations typically lose about 5% of annual revenues to fraud, with the average scheme going undetected for 18 months. Organizations with controls in place, however, detect fraud sooner and report significantly lower losses. Internal controls help ensure financial information is correct, businesses are operating optimally and assets are safeguarded. The implementation has results

4. Why Implement Continuous Monitoring or Auditing? Traditional audit methods are inefficient and less effective—with tangible organizational costs. It takes an average of 342 days to detect a fraud, at which point 89% of all proceeds are unrecoverable.* *KPMG Fraud Survey Non-Compliance & Regulatory Fines FCPA (Foreign Corrupt Practices Act) Sarbanes - Oxley Highlight the costs of NOT using Data Analytics.

5. Continuous Monitoring and Auditing Toolkit. Provide a quick response to operational changes when used as a risk assessment tool. Increase timeliness of control failure detection and quickly mitigate the risk of ongoing control failures. Mapping Risks to Analytics.

6. Audit Finance Business Process Owners C-Suite IT Who benefits from INSPECT Data Analytic Solutions?

7. Why you need to establish a Data Analytics Program? Revenue leakage Identify risks that weren’t evident Known areas of weak internal controls Overpayments Key performance indicators NOW Savings!

8. Value of Data Analysis 100% transaction testing to reduce operational, compliance and financial risks: Provide a quick response to operational changes when used as a risk assessment tool. Provide cost savings and stop revenue leakage: Increase timeliness of control failure detection and quickly mitigate the risk of ongoing control failures. Facilitate fraud detection: Enhance control environment as employees become aware of the level of detail review.

9. We have a solution ? What would you like to monitor for ongoing risk? What are your areas of highest risk? Where do you have large amounts of data? Do you have disparate systems that may increase risk? What analysis is currently time intensive?

10. Search for patterns and identify red flags to monitor high risk areas. There is no limit on the size of data that can be analyzed. Compare multiple systems. Enabling a Sustainable Data Analytics Program Make it repeatable!

11. INSPECT delivers an effective solution for continuous monitoring of internal controls. By automating tasks that are often inconsistent, inefficient and ineffective, the solution affords you the best opportunity for early detection. This complete solution allows you the freedom and peace of mind to concentrate on what’s important: The INSPECT value proposition It´s just good business Making critical decisions Building relationships Growing your business

12. Benefit from INSPECT You can set the monitoring system to run as frequently, or infrequently, as you would like. Do you want to manage the process yourself? Would you like INSPECT to manage the process and provide access to reports and exception detail?

13. INSPECT Solutions Improve your audit coverage and productivity Enhance quality and consistency by embedding analytics into audit processes data analysis applied analytics Conduct more efficient, secure and faster analysis managed analytics Gain more timely insight into fraud, errors and inefficiencies automated analytics Reduce risk, lower costs and increase organizational performance continuous monitoring

14. INTERNAL CONTROL • COMPLIACE RISK • ASSESMENT