TopCAATs Business Case

1. TopCAATs Business Case [Your Company Name] [Date]

2. Guidance • This presentation is intended to be a ‘straw man’ to help you with compiling and presenting your business case • Please modify it as you feel appropriate for your own organisation and circumstances – add any additional information you think decision makers would find useful • Please add, remove or modify slides as required to reflect your own findings from your trial and update all areas in red PLEASE REMOVE THIS SLIDE BEFORE USE

3. The need for CAATs • We need to improve efficiency to enable us to increase the number and depth of audit reviews that we can conduct and manage the costs of these. • Our systems and data are becoming ever more complex • Huge transaction volumes mean it is becoming impossible to review an appropriate level of detailwithout using data analytics / CAATs, increasing our risk • The IIA encourage the use of CAATs • We need to demonstrate to the Audit Committee and the business the value we deliver, and proactivity in increasing the scope of our services and reach of Internal Audit

4. The benefits of CAATs • Substantial time savings through more efficient testing • Reduction in risk through elimination of sampling and increased interrogation of data • Increase the value our audits provide through more and more specific observations • Improve audit quality through more rigorous testing • Encourage more standardisation and repeatability in our audit approach • Improved Auditor morale and motivation through more rewarding and interesting work • Reduction in travel costs due to being able to perform more work remotely

5. Tangible benefits OR (delete as appropriate)

6. Other benefits In addition to the tangible, measurable benefits, TopCAATs is expected to deliver some of incredibly valuable benefits that we are unable to measure at this point, but should be considered as part of the business case:

7. Costs

8. Return on Investment • 1 year ROI • 3 year ROI • Payback Period X% Y% Z months

9. Training During our trial we have reviewed our training needs, and based on feedback from trialists, we believe the following training will be needed to get the most from TopCAATs • e.g. Each user to watch the free demonstration videos for each tool - Cost: Free, Time: 1.5 hours • e.g. Departmental CAATs champions to attend ½ day webinar – Cost: $X, Time: 3.5 hours

10. Examples of benefits delivered During our 30-day trial, Trialists have fed back a number of examples of where TopCAATs has already delivered benefits to their work: • Include examples from Trialist feedback, quantify the value delivered where possible

11. Implementation Every week between now and implementation of TopCAATs, we are foregoing real financial benefits, and potentially exposing ourselves to unnecessary risks Proposed implementation timeline

12. Potential roadblocks Prior to, and during implementation we foresee the following possible roadblocks, issues or delays that we plan to address proactively: • Detail any potential roadblocks/issues/delays you foresee in your CAATs implementation, and how you plan to address these • Specifically address any initial concerns raised by the decision makers when you have spoken to them previously