Wednesday, January 16, 2013

Rutgers WCAS 26 - January 2013, part 1

Back again at Rutgers for the 26th World Continuous Auditing and Reporting Symposium (WCARS), which was delayed from November 2012 due to Hurricane Sandy. Yes, it's been a while since we've updated this blog, but we've become much more active in using Twitter ( @VisualRiskIQ ) to highlight what's new in the world of continuous auditing, continuous controls monitoring, compliance monitoring, and anti-fraud analytics. And though we'll be tweeting from #WCARS26 also, we feel that the Rutgers symposium is too important to cover in only 140 characters.

Presenters and sponsors at the 26th WCARS event include the AICPA and ISACA, all of the Big 4, and software providers such as ACL, CaseWare, CA, CCH, Greenlight, Oversight, and Trintech. Throughout the conference, we expect to see a wonderful mix of software and process case studies, standards reports, and academic papers, all on the subject of Continuous Auditing. The Rutgers definition of CA includes continuous data monitoring (i.e. embedded audit routines), continuous controls monitoring, and also continuous risk assessment, and presenters will cover all these topics. An important addition has been newly minted PhD Kevin Moffitt, who adds deep expertise in unstructured data analytics and text mining to Rutgers long history of data analytics of structured data.

Corporate attendees and presenters include advanced users of CA including Siemens, Verizon, Proctor & Gamble, HP, and more. More on the agenda, including selected slides, is available at: .

The conference has begun with a nice introduction from Miklos on the status of numerous research and practical CA applications at Rutgers, and is transitioning to Eric Cohen, PwC's XBRL expert. More to come...

Joe Oringel
Harrison, NJ
January 16, 2013