ACL Software -Survey IIA-2009

© 2009 ACL Services Ltd. SVY/IIA2009/140 909 ACL and the ACL logo are trademarks or registered trademarks o ACL Services Ltd. All other trademarks are the property o their respective owners. c.com ifo@c.com Internal audIt BenCHMarKInG 2009 Abt the Sve: The Institute o Internal Auditors research oundation released their Global Audit Inormation Network (GAIN) 2009 IT Audit Benchmarking Survey and report in March 2009. The report provides a summary o key fndings and recommendations rom IIA members to help those looking to establish an eective IT audit process and acquire technology-based audit tools to maximize their internal audit eorts. “ACL training, consulting and the AuditExchange platorm are helping us move toward a continuous monitoring environment. We’re increasing the perceived value o internal audit throughout the enterprise. ” Bb Wake, Internal Audit Manager American Automobile Association o Northern Caliornia, Nevada & Utah The 2009 IT Audit Benchmarking Survey ound that ACL technology is the audit analytics solution o choice. ACL is signi icantly pre erred in the areas o data extraction and analysis, raud detection and continuous auditing. Reasons given or use o ACL by study participants include its ability to look at control weaknesses, the ease and breadth with which users can evaluate data, and its ability to provide exception reports. There is increasing pressure on audit to do more with less. Internal audit’s role in business assurance is at the oreront as the proession looks to provide more confdence and transparency to the audit committee and CFOs around everyday business activities. To accomplish this, the current ocus o many audit teams is to enhance the quality o their work and eectiveness o the department using technology. They need to be more productive, and better ocused on emerging risks. Audit teams are also seeking to deliver timely value to the enterprise by distributing, tracking and escalating potential issues or better business insight and control. In establishing a baseline or the report, auditors were asked ‘Do you have the skills to address the issues that will impact IT audits the most within the next 24 months?’ and, surprisingly, nearly one in three said no. Reasons given include: “The internal audit activity does not include IT » auditors, auditors with the necessary IT training or knowledge.” “The internal audit department does not have » the fnancial resources or time to allow auditors to obtain the necessary skills, and there are not enough IT auditors.” This is clearly an issue that needs to be addressed as more audit teams look to develop strategies to increase technology profciently and usage throughout their departments. The benefts cited by survey participants o a robust audit technology program included increased productivity, ability to analyze an entire data population, and identiying fnancial savings to the organization. ACL 53% Other 37% Excel 5% IDEA 5% ACL 58% ACL 51% Access 9% SAP 5% SQL 5% Application queries 7% IDEA 6% Other 20% Other 22% Excel 14% Excel 3% ACL 65% View the ept b seahi “adit behmak” The IIA’ s website: www.theiia. Summary o key fndings among survey participants that use audit sotware or each unction: PRIMARY SOFTWARE USED FOR DATA ExTrAcTIon PRIMARY SOFTWARE USED FOR DATA AnAlySIS PRIMARY SOFTWARE USED TO DETEcT or InVESTIgATE frAuD PRIMARY SOFTWARE USED FOR conTInuouS AuDITIng Other 35% ACL 65%

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Transcript of ACL Software -Survey IIA-2009

c.com [email protected]

Internal audIt BenCHMarKInG 2009

Abt the Sve: The Institute o InternalAuditors research oundation released their GlobalAudit Inormation Network (GAIN) 2009 IT AuditBenchmarking Survey and report in March 2009.The report provides a summary o key fndingsand recommendations rom IIA members to helpthose looking to establish an eective IT auditprocess and acquire technology-based audittools to maximize their internal audit eorts.

“ACL training, consulting andthe AuditExchange platormare helping us move toward

a continuous monitoringenvironment. We’re increasing the

perceived value o internal audit

throughout the enterprise.”

Bb Wake, Internal Audit ManagerAmerican Automobile Association oNorthern Caliornia, Nevada & Utah

The 2009 IT Audit BenchmarkingSurvey ound that ACL technology isthe audit analytics solution o choice.ACL is signiicantly preerred in theareas o data extraction and analysis,raud detection and continuousauditing. Reasons given or use oACL by study participants include itsability to look at control weaknesses,the ease and breadth with which userscan evaluate data, and its ability toprovide exception reports.

There is increasing pressure on audit to do more withless. Internal audit’s role in business assurance is atthe oreront as the proession looks to provide moreconfdence and transparency to the audit committeeand CFOs around everyday business activities. Toaccomplish this, the current ocus o many auditteams is to enhance the quality o their work andeectiveness o the department using technology. Theyneed to be more productive, and better ocused on

emerging risks. Audit teams are also seeking to delivertimely value to the enterprise by distributing, trackingand escalating potential issues or better businessinsight and control.

In establishing a baseline or the report, auditors wereasked ‘Do you have the skills to address the issuesthat will impact IT audits the most within the next 24months?’ and, surprisingly, nearly one in three said no.Reasons given include:

“The internal audit activity does not include IT»

auditors, auditors with the necessary IT training orknowledge.”

“The internal audit department does not have»

the fnancial resources or time to allow auditorsto obtain the necessary skills, and there are notenough IT auditors.”

This is clearly an issue that needs to be addressedas more audit teams look to develop strategies toincrease technology profciently and usage throughouttheir departments. The benefts cited by surveyparticipants o a robust audit technology programincluded increased productivity, ability to analyzean entire data population, and identiying fnancialsavings to the organization.

ACL 53%

Other 37%

Excel 5%

IDEA 5%

ACL 58% ACL 51%

Access 9%

SAP 5%

SQL 5%

Applicationqueries 7% IDEA 6%

Other 20%Other 22%

Excel 14%

Excel 3%