Embedded Audit Intelligence for Oracle Financials

Raraima Software LLC specializes in assisting clients with risk management of Oraсle Application systems. We provide the software tools and share the knowledge and experience for a cost-effective risk-based approach to dealing with controls and security in Oracle Applications.

The services provided by the company include:

• design and implementation of internal controls
• segregation of duties and security analysis
• security design for new implementations
• business cycle control automation
• training services on auditing Oracle Applications

There is a default set of risk criteria provided with the software that is inspired by SAS-99 analysis (Consideration of Fraud in a Financial Statement Audit standard 99 by the American Institute of Certified Public Accountants), segregation of duties testing, and other frequently encountered audit risk criteria. Users may modify the default risk criteria set or create new risk criteria sets with new parameter values.

The power of the Oracle Applications database is utilized for analysis of the journal entries with respect to risk criteria. There is no need to pull out transactions from Oracle or move them to another system since all analysis can be done inside Oracle Applications database.