Pre-Defined Best-Practice Integrity Checks™ Ensure Quality

Oversight's Knowledge Libraries contain pre-defined, process-aligned integrity checks that enable CoRE to identify defects in financial transactions. These integrity checks incorporate combinations and permutations of events and transactions covering exhaustive scenarios across your organization's systems and business processes; for example, inspecting journal entry amounts (or aggregate amounts for collections of journal entries) in context of what is usual, flagging outliers that might signal management override of controls.

Knowledge Libraries fuel Oversight's real-time transaction inspection, automating the best practices of analysis and testing applied by auditors and fraud examiners, for every transaction, catching errors and control violations before they impact the business. The use of multiple positive and negative dynamic reasoning indicators provides rich, high-confidence conclusions. And Oversight's intuitive interface empowers non-technical users to easily develop new integrity checks for company-specific processes.

Oversight's Knowledge Libraries integrate multiple techniques of advanced reasoning, including:

• Symbolic reasoning based on known signatures
• Incremental reasoning that links the results of individual tests
• Contextual reasoning that considers surrounding information
• Comparative reasoning based on inexact similarities
• Cross-source reasoning that correlates information from multiple systems
• Temporal reasoning that relates events to time

Layered Knowledge

Knowledge Libraries are developed on an ongoing basis through the application of "layered knowledge". This approach enables Oversight Systems to tailor integrity checks for each customer, while still advancing predefined Knowledge Libraries with enhancements that all customers can take advantage of in new releases, regardless of (and without invalidating) previous customization. It is also allows our audit-firm partners to develop knowledge modules that leverage and customize standard Oversight Knowledge Libraries.