ACL Solutions for Continuous Auditing and Monitoring John Verver CA, CISA, CMC Vice President,...

ACL Solutions for Continuous Auditing and Monitoring

John Verver CA, CISA, CMCVice President, Professional Services & Product StrategyACL Services Ltd

Copyright © 2008 ACL Services Ltd. 2

ACL Services Ltd.

Continuous Auditing and Monitoring:Where are we? Where are we going?

• ACL has 11,000+ user organizations globally

• 33-40% of organizations consider they perform some form of Continuous Auditing

• Chief Audit Executive surveys indicate Continuous Auditing and Monitoring usage will more than double by 2012


ACL Services Ltd.

Continuous Auditing – ACL’s Experience

• Wide variation in CA approach and techniques

• CA part of a continuum of analytic usage

• Flexibility is key


ACL Services Ltd.

ad hoc repetitive

24 7 365

continuous

Continuum of Audit Analytics

• One-off analysis and testing

• Automated analyses and tests

• Managed and deployed from a central environment

• Continual execution of automated audit and monitoring tests to identify errors, fraud and anomalies on a timely basis


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Continuous Auditing: Issues to Address

• Data access and management• Quality and control • Sustainability and productivity• People and process


ACL Services Ltd.

ad hoc repetitive

24 7 365

continuous

A MANAGED ANALYTICS PLATFORM for AUDITSecure controlled access to dataConfiguration, automation and scheduling of tests Management of tests, documentation, findings, logs, workflowOne common platform

Enabling the Continuum of Audit Analytics


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Data Access

Reporting &Presentation

AnalyticLibrary

Query & Analysis

Management& Automation

Management & Automation• Audit repository• User access & rights, data security• Centralized tests and processing• Continuous auditing management• Configuration & management

Query & Analysis• In-depth analysis• Audit-specific commands & scripting• Advanced analytics and predictive modeling• Centralized logging

Data Access• Access, extract, transform, load• Specialized format connectors• Audit data repository

Reporting & Presentation• Templates, charting• Dashboard integration• Report deployment and maintenance

Analytic Library• Packaged analytics, key business

processes


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Audit Analytics Repository

Data• Data sets for each audit

area• Data dictionaries• Data management & refresh

Findings & Results• Results management• Specific findings• Logs & other documentation

Analytics• Test library• Test documentation• “Best Practices”

documentation

Management & Automation

• Scheduling• Administration

• User access & rights

• Search• Security


ACL Services Ltd.

Populating and Refreshing the Audit Data Repository

• INFORMATICA for ACL AuditExchange o Industry leading technology for ETL (Extract Transform Load)o Connectors for any enterprise data

PowerCenter: Flat files, delimited text, XML, Access, Oracle, Sybase, Teradata, ODBC, Informix, SQL

Server, dBase B2B Complex Data Exchange:

PDF, XML, XBRL, Excel PowerExchange

Specialized data formats – HIPPAA etc

• ACL Data Access, including Direct Link for SAP


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ACL: Continuous Auditing and Continuous Monitoring

• ACL AuditExchange o Enables Best Practices in Audit Analyticso Provides a secure, controlled, well-managed and sustainable environment for the

continuum of Audit Analytics – Ad Hoc through Continuous Auditingo Provides benefits of Audit Analytics to the entire audit team, according to roleso A reliable environment for Continuous Auditing

• ACL Continuous Controls Monitoring o Provides management and audit with insight into control effectivenesso Monitors all transactions throughout business process cycleso Tests against suites of control ruleso Identifies and quantifies exceptions on a timely basis o Supports exception resolution and control remediationo Configuration and management of the monitoring process


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ACL Continuous Controls Monitoring Technology Framework


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ACL CCM Product Suite

• Continuous testing of transactions in core business process areas against sets of internal control rules

Purchase to Pay Procurement Card Travel & Entertainment Payroll Order To Cash General Ledger


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ACL CCM Product Suite

• Browser-based interface:o Manage Continuous Monitoring processo Security and Administrationo Manage test parameterso View, report and manage exceptions


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ACL CCM Product Suite – Large Enterprise Version

• Advanced capabilities for complex large scale enterprise monitoring • For 10+ control entities:

o Enhanced multi-entity configurationo Enhanced multi-entity parameter managemento Enhanced workflow and remediation


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• ACL audit analytics used for many years in Siemens entity internal audit organizations

• Siemens Power Generation one of first organizations to implement ACL CCM Purchase to Pay 2004

• 2008 implementation of ACL Continuous Monitoring – Large Enterprise Version for Purchase to Pay systems across entire Siemens enterprise

• Believed to be largest purchase-payment transaction monitoring project in the world

ACL Enterprise Continuous Monitoring at


ACL Services Ltd.

Enterprise Controls Monitoring at Siemens

Scale• All corporate entities (currently 900+)• All Purchase to Pay transactions• Daily with 90 days running history• 27 control tests• 275 different data sources & applications • Average 5GB of source data analyzed per entity• Primary integration environment: analysis of 200GB data for

~400 entities


ACL Services Ltd.

Enterprise Controls Monitoring at Siemens

Exceptions: workflow process• Process managed by entity business owners

o review all exceptionso assign appropriate category

• Unresolved exceptions automatically escalated through multiple CFO levels


ACL Services Ltd.

Questions?

Contact: [email protected]

ACL Solutions for Continuous Auditing and Monitoring John Verver CA, CISA, CMC Vice President,...

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