Technology for Business Assurance Copyright © 2009 ACL Services Ltd. Does AuditExchange really...

Technology for Business Assurance

Copyright © 2009 ACL Services Ltd.

Does AuditExchange really enable Continuous Monitoring ?St Louis ACL Users Group

David Dempsey Enterprise Account Manager: Missouri, Michigan, Indiana

April 14 2010


2ACL Services Ltd.

Agenda

Continuous Monitoring versus Continuous Auditing AuditExchange 2.0 How does AuditExchange Facilitate Continuous Monitoring ? Questions


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Continuous Auditing

Continuous Auditing - Audit Department’s Responsibility

Continuous auditing is traditionally the audit processes involving a cyclical auditing approach.


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Continuous Monitoring

Continuous Monitoring – Business Line’s Responsibility

Continuous Monitoring is the method that a business process owner or management uses to ensure that internal controls related to

business activities and financial reporting are working as intended.


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Audit Exchange 2.0, with the AX Exception component,has improved our controls monitoring across the business. We have

automated both audit testing and distributing the results for appropriate follow up. It now runs seamlessly and we have an audit trail that

confirms exceptions are reviewed and dealt with. This is a much better alternative to sending audit reports with attachments, to people who may or may not answer, and then manually cutting and pasting audit

feedback back into audit reports.

Tom Boyle, District Audit OfficerACL AuditExchange 2.0 Beta Customer


6ACL Services Ltd.

AuditExchange 2.0

A brief overview


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ACL

D/B Interface Connectionsfrom AX Core

Enterprise Data

Enterprise Data

Exceptions distributed via web-based viewer

Apply proven

analytics

Audit Leadership or Non ACL Users or Management in Other

Departments

ACL Specialist

SQL

ERP

Business Stakeholders

Centralized Audit Management

• Engagement & Content Management• Automation

• Analytic ProcessingManage All Types of Audit Content

ProjectsAnalyticsData

Excel Word

Crystal Reports

PDF

Audio

PowerPoint

Results


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End-to-end data analysis. From data access to exception management.

Enterprise Data

Sources

Enterprise Data

Sources

Centralized Server


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Business Business StakeholdersStakeholders

Accounts Payable

Purchasing

Accounts Receivable

Payroll

Accounting

AX Core

•Exception reports for everyone through a web browser.


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Exception Management – Continuous Monitoring

•Automatically distribute, manage and track exceptions•Help reduce the negative impact of exceptions on the business•Enhance the value you deliver


11ACL Services Ltd.

Technology for Business Assurance Copyright © 2009 ACL Services Ltd. Does AuditExchange really...

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