Janet Beckmann, CPA, ACDA

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Improving Client Service and Expanding Service
Offerings with Data Analysis

• Janet Beckmann, CPA, ACDA
• September 25, 2007

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Data Analysis Practice Benefits

• Assist external audit
• Improve internal audits
• New offerings to clients
• Individualized training
• Provide analysis expertise to other firms

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Data Analysis Practice Benefits Assist
External Audit

• Perform more effective audits
• Quantified errors better management information
• Sample selection for large populations
• More efficient testing in future years
• New risk based standards
• Unpredictive tests
• SAS99

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Data Analysis Practice Benefits Improve
Internal Audits

• Better operational knowledge
• Test rather than inquire
• Expanded capabilities
• More big picture recommendations

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Data Analysis Practice Benefits New Offerings
to Clients

• Productized offerings
• Examples --
• Duplicate payments
• Purchasing reviews
• Data cleansing and conversion
• System access segregation of duties
• Opportunity to build new client base
• Continuous monitoring scripts

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Data Analysis Practice Offerings
Individualized Training

• Train client throughout project
• Focus specifically on their data and objectives
• Assist in streamlining data access

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Data Analysis Practice Offerings Provide
Analysis Expertise to Other Firms

• Many firms dont have needed expertise
• Takes time to build expertise from scratch
• Leap of faith for hiring full time

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For more information

• Janet Beckmann, CPA, ACDA
• Data Analysis Practice Leader
• Brown Smith Wallace LLC
• 1050 North Lindbergh Boulevard
• St. Louis, MO 63132
• 314.983.1254 office
• 314.800.7733 cell