This presentation shows a real life example of a large volume, continuous monitoring systems. The presentation shows how continuous monitoring can be used in a number of different ways, such as fraud prevention, performance improvement, reputation protection. It also provides 5 keys to a successful continuous monitoring project.

1. Mario Bojilov, M Eng Sc (UQ), F Fin
Meta Business Systems
www.mbsys.com.au

2. “Automation is not technical in
character” – P. Drucker
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3. Take a step back from technology
and new horizons appear
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4. What‟s the real purpose?
 How a tool changed
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5. Technical Details
 Overview
Optical Disk
Conversion
Data Module
Production
System
RDBMS
Reports Compare Reports
Data sub-sets
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6. Technical Details
 Overview
 RDBMS-based
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7. Technical Details
 Overview
 RDBMS-based - 2-3 million transactions a week,
with daily peak loads of 1.2 million transactions
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8. Technical Details
 Overview
 RDBMS-based - 2-3 million transactions a week,
with daily peak loads of 1.2 million transactions
 Single point of contact – data conversion
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9. Technical Details
 Overview
 RDBMS-based - 2-3 million transactions a week,
with daily peak loads of 1.2 million transactions
 Single point of contact – data conversion
 Reporting – Crystal, Oracle Reports, customised
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10. Technical Details
 Overview
 RDBMS-based - 2-3 million transactions a week,
with daily peak loads of 1.2 million transactions
 Single point of contact – data conversion
 Reporting – Crystal, Oracle Reports, customised
 User-friendly
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11. Versatility in Use
 Data warehouse – analyse the data with ACL,
Statistica, Mathematica, neural networks, etc.
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12. Versatility in Use
 Data warehouse – analyse the data with ACL,
Statistica, Mathematica, neural networks, etc.
 Management reports – be a „hero‟
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13. Versatility in Use
 Data warehouse – analyse the data with ACL,
Statistica, Mathematica, neural networks, etc.
 Management reports – be a „hero‟
 Use it for marketing purposes – customer
segmentation, promotions, etc.
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14. Versatility in Use (cont.)
 Archiving mechanism
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15. Versatility in Use (cont.)
 Archiving mechanism
 Data conversion tool
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16. Versatility in Use (cont.)
 Archiving mechanism
 Data conversion tool
Old System CAAT
Compare
New System Compare
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17. Versatility in Use (cont.)
 Archiving mechanism
 Data conversion tool
 Change management
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18. Versatility in Use - Summary
Initial Objective End result
• Computerised auditing system • Computerised auditing system
• Business Improvement Tool
• Data Conversion Checks
• Change Management Mechanism
• Archiving Mechanism
• Vendor Management
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19. CAATs are not auditing tools
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20. CAATs are not auditing tools
 CAATs are business, as well as auditing tools
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21. CAATs are not auditing tools
 CAATs are business, as well as auditing tools
 Fraud prevention
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22. CAATs are not auditing tools
 CAATs are business, as well as auditing tools
 Fraud prevention
 Business protection/loss prevention
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23. CAATs are not auditing tools
 CAATs are business, as well as auditing tools
 Fraud prevention
 Business protection/loss prevention
Financial Services
•Barings Bank bankruptcy -
1995 (£ 827 million)
•NAB forex scandal - 2004 (A$
360 million)
•Société Générale - 2008 (€
4.9 billion)
Different personalities and
culture
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24. CAATs are not auditing tools
 CAATs are business, as well as auditing tools
 Fraud prevention
 Business protection/loss prevention
Financial Services NEM participants
•Barings Bank bankruptcy - Relatively new market
1995 (£ 827 million)
•NAB forex scandal - 2004 (A$
360 million)
•Société Générale - 2008 (€
4.9 billion)
Different personalities and
culture
Copyright © 2007-2008 - Meta Business Systems - www.mbsys.com.au
All rights reserved

25. CAATs are not auditing tools
 CAATs are business, as well as auditing tools
 Fraud prevention
 Business protection/loss prevention
Financial Services NEM participants Carbon Trading
•Barings Bank bankruptcy - Relatively new market Coming in 2010
1995 (£ 827 million)
•NAB forex scandal - 2004 (A$
360 million)
•Société Générale - 2008 (€
4.9 billion)
Different personalities and
culture
Copyright © 2007-2008 - Meta Business Systems - www.mbsys.com.au
All rights reserved

26. CAATs are not auditing tools
 CAATs are business, as well as auditing tools
 Fraud prevention
 Business protection
 PR
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27. CAATs are not auditing tools
 CAATs are business, as well as auditing tools
 Fraud prevention
 Business protection
 PR
 Banks
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28. CAATs are not auditing tools
 CAATs are business, as well as auditing tools
 Fraud prevention
 Business protection
 PR
 Banks
 Gaming
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29. CAATs are not auditing tools
 CAATs are business, as well as auditing tools
 Fraud prevention
 Business protection
 PR
 Banks
 Gaming
 Tabloid journalism
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30. CAATs are not auditing tools
 CAATs are business, as well as auditing tools
 Fraud prevention
 Business protection
 PR
 Banks
 Gaming
 Tabloid journalism
 Works on exceptions
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31. CAATs are not auditing tools
 CAATs are business, as well as auditing tools
 Fraud prevention
 Business protection
 PR
 Banks
 Gaming
 Tabloid journalism
 Works on exceptions
 Therese Rein
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32. CAATs are not auditing tools
 CAATs are business, as well as auditing tools
 Fraud prevention
 Business protection
 PR
 Banks
 Gaming
 Tabloid journalism
 Works on exceptions
 Therese Rein – 0.016%
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33. CAATs are not auditing tools
 CAATs are business, as well as auditing tools
 Fraud prevention
 Business protection
 PR
 Performance improvement
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34. How to get the system you need?
 WIIFM
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35. How to get the system you need?
 WIIFM – be „multi-lingual‟
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36. 5 Keys to a Successful Project
1. Technology on its own is not enough, you need people and
processes to get you where you want to be
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37. 5 Keys to a Successful Project
1. Technology on its own is not enough, you need people and
processes to get you where you want to be
2. Technology is just a tool. How and what you use it for makes all
the difference
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38. 5 Keys to a Successful Project
1. Technology on its own is not enough, you need people and
processes to get you where you want to be
2. Technology is just a tool. How and what you use it for makes all
the difference
3. Don‟t try to plan everything
Copyright © 2007-2008 - Meta Business Systems - www.mbsys.com.au
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39. 5 Keys to a Successful Project
1. Technology on its own is not enough, you need people and
processes to get you where you want to be
2. Technology is just a tool. How and what you use it for makes all
the difference
3. Don‟t try to plan everything
4. Technology rarely fails on its own, people usually make it do so
Copyright © 2007-2008 - Meta Business Systems - www.mbsys.com.au
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40. 5 Keys to a Successful Project
1. Technology on its own is not enough, you need people and
processes to get you where you want to be
2. Technology is just a tool. How and what you use it for makes all
the difference
3. Don‟t try to plan everything
4. Technology rarely fails on its own, people usually make it do so
5. Identify and/or create your allies
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41. Copyright © 2007-2008 - Meta Business Systems - www.mbsys.com.au
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42. mbojilov@mbsys.com.au