dafi

CA Nikunj Shah
City Mumbai

Assurance Analytics
with

Microsoft Excel
"In God we trust, all others bring data"
W. Edward Deming - American statistician, professor, author, lecturer & consultant. Training Program on Assurance Analytics with Microsoft Excel 2007 by: Date 16th June 2012 Venue Hotel Parle International, Vile Parle (E)

Introduction Who should attend? 1. Chartered Accountants, Managers, team members and articled trainees in the audit function. 2. Internal auditors and Information Systems auditors 3. Forensic Accountants and Investigators 4. MIS
Assurance Analytics is all set to permanently change the way audit evidence is collected, evaluated and conclusions drawn. Do you wish to hone your skills at it? Welcome!!

Workshop Objective
To enable participants leverage advance Excel functionalities for assurance analytics is the objective of this unique one day training program.

Methodology
Hands-on exercises in Excel 2007 on real world (realistic) data files with brief lectures and brain storming sessions.

Take away:

On completion of the training program, you shall be able to use advance excel functionalities for assurance analytics to: Connect your Excel worksheet to corporate (or Tally) database and extract any data that you want Get Kaleidoscopic views on data by slicing and dicing the data Implement Digital Analysis techniques like Benford's Law and Relative Size factor Theory (RSF) in Excel to identify red flags or fraudulent transactions Use Pareto analysis (80-20 rule) and identify high value (and high risk) transactions Perform a Time Dimension analysis on data, learn to interpret results Connect your Excel worksheet to live data on the Internet and (for e.g.) track current value of investments Work with large data sets (even more than million rows) in Excel Implement statistical sampling in Excel and document it. Automatically email, from a single report within Excel, each account holder's transactions (e.g. for confirmation) to its respective email IDs Detect non-compliance with organizational policies & compliance frame work. Identify revenue leakages, double payments, etc.

Testimonials:
A great coach with hands down approach. CA Prashanth Nair, Director, Allied Aviations Pvt. Ltd.

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Session I: (Duration 1 hr) Import Data into Excel

Course Outline

Getting Data into Excel is first and the most important phases in any audit or forensic assignment. In this session, the participants shall learn to get data into Excel from various sources including: ASCII file (including .dat files) Web servers Corporate databases like SQL Server, Tally database, etc., PDF Files

Session II: (Duration 2 hrs) Top Excel Tips and Tricks

This session is a compilation of such questions the answers to which every Excel business user is keenly interested to know. To these have been added lesser know, but extremely powerful, 'secrets' of Excel. The result is a listing that is titled Top Excel Tips and Tricks. Knowing these Top Excel Tips and Tricks would help participant save tens of hours every month. The tips are carefully categorized and grouped under heads like: i. Navigation & Selection, ii. Data entry and Data Validation, iii. Insert, Format and Copy paste iv. Auto Filters and Advanced Filters, v. Formulas, Functions & Tools and Financial functions

Session III: (Duration 2 hrs) PivotTables - Inside Out

80% of users leave over 60% of pivots untouched!! In this session participants shall learn those features of Pivots that help analyze auditee data and identify control failures, detect revenue leakages, identify double payments, detect non-compliance with organizational policies and procedures etc and also learn to interpret results. Topics include: Understanding the Pivot Table anatomy, dragging and dropping fields, etc. Quickly re-arranging data items in row / column Adding, removing, changing , getting multiple subtotals in Pivot Get a running total (e.g. running balance of a bank account) in Pivot report View amounts / quantities as % of rows / columns Show / hide certain / multiple row items / page fields Sort data in Pivot Produce Top 3 or Top 10 reports Group Date fields by Weeks, months, quarters, etc. Group Numeric fields to apply the 80-20 principal Create, at a click, separate pivots for each tem in a page field Perform calculations within pivot tables Auto-include additional rows / columns in pivot report Efficiently analyse large data sets (even more than a million rows)

Testimonials:
Some of the very good learning on Excel. Good Explanation on all topics included Mr. Santosh V. Pareswar, Asst. Manager, Manufacturing, ITC Ltd.

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Session IV: (Duration 1.5 hrs) Macros

Course Outline

Having learnt the nuances of using advance excel features for assurance analytics, the participants now take the final and the next logical step. A basic session in Macros shall equip the participants to automate routine tasks in Excel. Topics include: 1. Introduction to Macros 2. Recording Macros 3. Editing recorded Macros 4. Creating sample Macros to automate routine tasks 5. Finding free Macro codes, editing them & adapting to your requirement

Background
Complexities are multifarious. Overwhelming nos. of transactions, loss of conventional (paper) audit trail, system based controls, ever increasing and complex compliance requirements are amongst the prime reasons why traditional methods of collecting and evaluating evidence (like vouching and verification) are no longer adequate. The auditor can no longer treat Information Systems as a Black Box and audit around it. His methods and techniques have to change. This change is what the world calls today, Assurance Analytics i.e. data analysis from a controls perspective. Using advance features of MS Excel, the auditor can access clients data from their databases and analyse it to discharge the onerous duty cast on him. Since over 10 years, professor & CA Nikunj Shah has been perfecting these techniques of assurance analytics. These include digital analysis techniques like Benfords Law, Relative Size Factor Theory (RSF) and Paretos 80-20 rule that have enabled auditors and forensic investigators to identify control failures and over rides, detect non-compliance with laws, zero down on questionable transactions and identify red flags lost in millions of transactions. It is like quickly finding the needle in a hay stack!! In this unique one day training program, your favourite trainer shall share the best of his research, auditing and training experience. The participants shall learn, step-by-step, the nuts-and-bolts details of using advance features of Microsoft Excel coupled with the trainers insights to apply them in real-world audit situations. Each session shall equip participants with assurance analytic techniques using real-world examples and learn-by-doing exercises.

Testimonials:
Extremely knowledgeable about the subject. The amount of hours that he must have spent on researching and experimenting can only be imagined. CA Vivek Savla, Director, Savla Foods and Cold Storage Pvt. Ltd. You played a vital role in satisfying the expectations of the participants for whom training in Advanced Excel would not only facilitate simplifying their complex financial models but also give an edge over others. I thank you and your team for facilitating a great training programme... Ms. Jhulna Rana, Head, Human Resources Management, Knight Frank (India) Pvt. Ltd. Trainer was thorough expert in the subject and was able to give in depth explanation on any area of Excel. Ms. Trina Das, Sr. Manager HR, Reliance Infrastructure Ltd. He is thorough, committed and knowledgeable. Mr. M. K. Srivastav, VP (Projects), Saurashtra Cements Ltd.

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About your trainer

Nikunj Shah is a graduate in Commerce and in Law from Mumbai University. He is a qualified
Chartered Accountant. He holds a post-qualification certification in Information Systems Audit. He is also a Certified Internal Auditor, a credential given by the Institute of Internal Auditors (USA). He is also an associate member of the Association of Certified Fraud Examiners (USA). He is a partner with Shashikant J. Shah & Co., Chartered Accountants and practices mostly in the areas of Business & Assurance Analytics, Internal Audit, Information Systems Audit, Fraud Detection and Forensic Accounting. He has been a Faculty / Group leader at more than 300 Conferences / Seminars / Workshops / Study Circles, including at: a. Several corporate like Knight Frank India, Saurashtra Cements, Kotak Mahindra Bank, Trent Ltd. (a Tata group company), Reliance Communications, etc., where he has trained participants on using advance spreadsheet features of MS Excel for data and assurance analytics, decision making and business modeling. Bombay Chartered Accountants' Society (BCAS) and Western India Regional Council (WIRC) of the Institute of Chartered Accountants of India (ICAI) on 'Using Excel for Audit'. Academic Staff College, University of Mumbai Lecture on Assurance Analytics. Certificate Course on Forensic Accounting and Fraud Detection using IT and CAATTs by the ICAI on Data Mining - Investigative Auditing using CAATTs Revision lectures for Final C.A. students conducted jointly by BCAS & WIRC Subject taken Information Systems Control & Audit'.

b.

c. d. e.

He is contributor to the publication Study on Unconventional Methods in Special Audits and Investigations published by the research committee of the Institute of Chartered Accountants of India the basic draft of which is prepared by CA Chetan Dalal. He is contributor to the BCAS and WIRC Referencer on MS Excel. He is Co-Convener of the Information Technology Committee of Bombay Chartered Accountants' Society. Other Interests. 1. He reads Philosophy, does Gardening and has taken active part in Dramatics at College and Inter College levels. 2. He holds a M.A. (Masters in Arts) degree from Mumbai University in Politics.
Notes: 1 . Towards the objective of delivering a rich learning experience and ensuring maximum effectiveness of the workshop, the trainer has agreed to fine tune the workshop in the light of participants' expectations. Prospective participants are therefore requested to fill in the attached application form and specify their expectations categorically. However participants must note that this 'fine tuning' would happen remaining with the overall framework of Workshop Objectives This is a hands-on-training workshop and hence the workshop size would be restricted to limited number of participants on first-come first-serve basis. Participants are requested to bring their own Laptops with MS Excel 2007 installed. Only Excel 2007 would be used as a platform for the entire training session. The data CD with example files would be provided to participants at the venue.

2 . 3 .

Registration Form

dafi
Sales Contract

Data Analysis & Business Modeling using MS Excel Assurance Analytics

with

Microsoft Excel
PARTICIPANTS DETAILS - PLEASE WRITE IN BLOCK LETTERS Please complete this form immediately and fax back to Fax : 91 22 22017563 Register Now!! Contact Ms. Priya at Dafi 104, Sharda Chambers, 15, New Marine Lines Mumbai 400020 Cell: 09967770040 Email: dafi.caat@gmail.com Venue: Date : Time : Hotel Vile Parle International, B. N. Agarwal Market, 16th June 2012 9 : 30 AM - 5 : 30 PM

I. Name :___________________________________________________ Email :____________________________Cell:______________________ Designation: _________________________________________________ Work profile: ________________________________________________ List of Excel features currently used by me: ______________________ ____________________________________________________________ ____________________________________________________________ I wish to learn more about following excel features: ______________ _____________________________________________________________ _____________________________________________________________ II. Name :___________________________________________________ Email :_______________________________ Cell:____________________ Designation: __________________________________________________ Work profile: _________________________________________________ List of Excel features currently used by me: _______________________ ______________________________________________________________ ______________________________________________________________ I wish to learn more about following excel features: _______________ ______________________________________________________________ ______________________________________________________________
Organization:_________________________________________________ Address:______________________________________________________ ______________________________________________________________ Town__________________State:_________________Postcode:________ Tel : ( )_________________________Fax: ()_________________________ Nature of Business :____________________________________________ Company Size : 1-9 10-24 25-49 50-99 100-249 250-499 500-999 1000+

Payment Method
Payment by Cheque or Draft only (along with registration form) All cheques should be in favour of Dafi Confirmation Details: After receiving payment a receipt will be issue. If you do not receive a letter outlining joining details two weeks prior to the event, please contact the conference Coordinator at Dafi . Terms & Condition
1. Fees are inclusive of program materials & refreshment. 2. Payment Terms: Full payment is required along with filed and duly completed enrolment form PLEASE NOTE: Seat will be blocked / reserved only upon receipt of the conference fees. A receipt will be issued on payment, Due to limited conference space, we advise early registration to avoid disappointment. We reserve the right to refuse admission for any reason, including, but not limited to, non receipt of payment on time. 3. Cancellation /Substitution : Substitution: Provided the total fee has been paid, substitution at no extra charge upto 14 days before the event are allowed. Substitutions between 14 days and the date of the event will be allowed subject to an administration fee of equal to 10% of the total fee that is to be transferred. Cancellation: In the event of cancellation by the participant or participants organization, the conference / training fee will not be refunded but can be credited to a future conference / event. Cancellation must be receive in writing by mail or fax 3 weeks before the conference is to be held in order to obtain a full credit for any future Dafi conference. Non payment or non-attendance does not constitute cancellation. If, for any reasons, Dafi decides to cancel or postponed this conference, Dafi is not responsible for covering airfare, hotel, or other travel costs incurred by client. Program Content is subject to changes without notice. 4. Copyright etc: All intellectual property rights in all materials produced or distributed by Dafi in connection with this event is expressly reserved and any anauthorized duplication, publication or distribution is prohibited. 5. Data Protection: Client confirm that it has requested and consented to Dafi retaining client information on Dafi group companies database to be used by Dafi groups companies and passed to selected third parties, to assist communication products and service which may be of interest to the client. If the client wishes to stop receiving such information please inform Dafi office or email dafi.caat@gmail.com. For training and security purpose telephone calls may be recorded.

Authorization
Signatory must be authorised to sign on behalf of contracting Organisation Name :______________________________________________________________ Position :____________________________________________________________ Signature : _________________________________Date:______/_______/_____ This booking is invalid without signature.

Fees (inclusive of course material, breakfast, lunch and tea):

Training fee: INR 4,000/- per particiapnt Premier Plus: INR 3,500/- per participants for 3 or more participants from the same organization All cheques should be in favour of Dafi

6. Important note. While every reasonable effort will be made to adhere to the advertise package Dafi reserves the right to change event dates sites or location or omit event features, or merge the event with another event as it deems necessary without penalty and in such situation no refunds, part refund or alternative offers shall be in the event that Dafi permanently cancels the event for any reason whatsoever, (including but not limited to any force majeure occurrence) Where applicable, client shall deduct the appropriate Tax Deducted at Source (TDS) at the time and provided that the event is not postponed to a letter date nor merged with another event, of payment and should thereafter furnish us the Tax Deducted at Source Certificate within one the Client shall receive a credit note for the amount that the Client has paid to such permanently cancelled event valid for up to six months to be used at another Dafi event. No refund part month from the end of the month during which tax is deducted. refunds or alternative offers shall be mole.

Indemnity:

Should for any reason outside the control of Dafi, the venue or speakers change or the event be cancelled due to an act of terrorism, extreme weather Conditions or industrial action Dafi shall remain protected and harmless from and against any and all costs, damages and expenses, including attorneys fees, which are incurred by the client. The construction, validity and performance of this Agreement shall be governed in all respects by the laws of India subject to Mumbai jurisdiction.

7. Governing Law: This Agreement shall be governed and constrained in accordance with the law of INDIA and the parties submit to the exclusive jurisdiction of the Courts in Mumbai. However, Dafi only is entitled to waive this right and submit to the jurisdiction of the courts in which the clients office is located. 8. Client hereby acknowledges that this contract is valid binding and enforceable; and that he / she shall not claim that any payment required under this contract at any time are improper, disputed or un authorized in any way. Client acknowledges that they have read and understood all Terms of this contract, including, without limitation, the provision relating to Cancellation.

Interested in doing this (customized) training in your organization? Contact Ms. Priya on 09967770040 to know more about the attractive commercials for the same on offer.