CaseWare IDEA vs. Compligo

One example of specific scenario in [CaseWare] IDEA is the ability to run samples separately and then based off of the results, compare and contrast the values recorded and easily discern if there are any variables or discrepancies within the data itself. Also, we can test journal entries with certain parameters to check the audit for any issues that may arise pertaining to the criteria. By testing, we are able to make sure the data is accurate and sufficient.

Incentivized

Compligo is well used for a larger organization that needs to track compliance and trainings. It has a vast library of trainings which you can assign and track completions across your organization. It can also help tracking current and previous pay plans for employees. Compligo would most likely not be appropriate for smaller organizations who do not need to track so many people. It may not also be as appropriate for companies located in states with less laws or compliances as far as training and record retention.

Incentivized

• Easy to understand and easy to use.
• Can use on large quantities of data and quickly analyze them.
• Uses logic that can be followed if one is an auditor. I, for example, could understand the logic in a number of samples, i.e how the number of samples thrown changes when risk changes from low to moderate in proportion taking in consideration the materiality.
• Other audit firms are using 2 software for the process that IDEA alone can do. So IDEA has a definite advantage here.
• Customizable by the company.

• Compliance
• Tracking Activites
• Email Notifications

Incentivized

• Bit of a learning curve for the advanced features as a beginner.

Incentivized

• Support times
• Speed
• Down Times

Incentivized

I would rate it a 9 because I never really needed support on this but if I did, there was the necessary support given promptly.

I have used Microstart and would definitely vote for IDEA because IDEA combines what Microstart does with the help of one/more softwares. Where Microstart just gives a number of samples, IDEA selects the number of samples based on materiality, risk, and other factors. It selects those samples from the population leaving out line items that are invalid/ zero. I would prefer using IDEA any day.

• We were able to save time by over 200 billable hours over our last busy season cycle
• We saved roughly 12% on costs compared to the last program we used.

Incentivized

• It has made record retention easier
• It has made legacy pay plans easier to find

Incentivized