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Welcome to
E&Y CARAT
We at the E&Y CARAT are developing this website as a resource
center for accounting and auditing professionals. Our efforts
include conducting basic research in audit technology from
developing theoretical models for assessing various types
of risk such as audit risk, fraud risk, auditor independence
risk, information security risk, etc. under probability theory
and Dempster-Shafer theory of belief Functions to developing
intelligent agents named FRAANK(Financial
Reporting and Auditing Agent with Net Knowledge) and SEEK-INF
(Search Engine for Extracting Knowledge from Industrial
Filings). If you wish to read any of our publications
in the audit technology area, please go to "research/Published
Research Papers" and down-load the article of your interest.
FRAANK fetches 10K and 10Q reports of public companies from
the EDGAR database of the SEC (Securities and Exchange Commission)
and parses financial and non-financial information. Under
financial information, FRAANK isolates and parses BS, IS,
and CF Statements and tags them using the XBRL 2.1 taxonomy
(XBRL stands for Extensible Business Reporting Language. For
more information about XBRL visit www.xbrl.org). Under non-financial
information, FRAANK isolates, parses, Items in 10K, Auditor's
Report, Client, Auditor, Date, Place and Type of Report, SOX
404 Report on internal control (both the management report
and the auditor's report) and also identifies whether internal
controls are effective or have material weaknesses. SEEK-INF
gathers information as desired by the user from any SEC filings
such as 10K, 10Q, 8K, or DEF 14A. We are very excited about
these agents. They have tremendous potentials as a tool for
accessing information from SEC filing even beyond XBRL because
software using XBRL technology can access only the tagged
information. Our effort is to go beyond XBRL. If you are seriously
interested in seeing a demonstration of these agents then
contact Professor Rajendra Srivastava at rsrivastava@ku.edu.
For information about professional organizations, CPA Exam
requirements for various states in US, check the "Resource"
section. For information or to download the Digital Analysis
software that determines data abnormality, go to the "Research"
section. Please sign our guestbook or contact the director
for more information or comments about the website and its
resources.
Thank you for visiting our site.
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