CaseWare IDEA is a data analysis and data extraction tool supporting audit processes. IDEA integrates with various solutions to make obtaining and exporting data easy, such as SAP solutions, accounting packages, CRM systems and other enterprise solutions for a single version of the truth.
N/A
Hyperproof
Score 9.1 out of 10
N/A
Hyperproof is a platform for doing work in the security assurance, privacy and corporate compliance realms. Hyperproof helps users get started with a compliance framework and gauge audit-preparedness posture in real-time.
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 …
As mentioned previously, it won't compare to the market leaders where you'll be paying 5 times the price. It compares nicely against OneTrust and offers greater usability.
Hyperproof gives compliance teams and control owners a more streamlined, purpose‑built workspace for multi‑framework audits, so controls, evidence, and workflows are easier to manage and are repeatable than in a broader, heavier platform like OneTrust.
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.
For an organization that is looking to be certified with different industry standards, Hyperproof provides a great value. This app provides a wholistic approach for managing your organization's risk and compliance. Centralizing all your risk and compliance documentation and evidences in Hyperproof makes audit processes easier. This tool also well-known to third-party auditors
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.
The user interface of Hyperproof is not as intuitive as it could be. Once you figure it out it is a relatively straightforward tool to use and links well with other data storage. It doesn't appear to offer grouping of controls as determined by the user or manager of the instance.
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.
As mentioned previously, it won't compare to the market leaders where you'll be paying 5 times the price. It compares nicely against OneTrust and offers greater usability.
