Transcript Slide 1

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
ACL Services Ltd.
Copyright © 2009 ACL Services Ltd.
Agenda
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Continuous Monitoring versus Continuous Auditing
AuditExchange 2.0
How does AuditExchange Facilitate Continuous Monitoring ?
Questions
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ACL Services Ltd.
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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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ACL Services Ltd.
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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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ACL Services Ltd.
Copyright © 2009 ACL Services Ltd.
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 Officer
ACL AuditExchange 2.0 Beta Customer
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ACL Services Ltd.
AuditExchange 2.0
 A brief overview
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ACL Services Ltd.
Copyright © 2009 ACL Services Ltd.
Apply proven
analytics
Exceptions distributed via
web-based viewer
ERP
Centralized Audit Management
• Engagement
& Content Management
ACL
• Automation
• Analytic Processing
Enterprise
Data
Manage All Types of Audit Content
Data
Results
Analytics
Crystal
Reports
SQL
D/B Interface
Connections
from AX Core
ACL Specialist
Projects
Audio
Excel
PDF
Word
PowerPoint
Audit Leadership or Non ACL Users or
Management in Other Departments
Business
Stakeholders
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ACL Services Ltd.
Copyright © 2009 ACL Services Ltd.
End-to-end data analysis. From data access to exception
management.
Enterprise
Data Sources
Centralized
Server
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ACL Services Ltd.
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•Exception reports for everyone
through a web browser.
Business Stakeholders
Accounts
Payable
AX Core
Purchasing
Payroll
Accounting
Accounts
Receivable
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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
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Copyright © 2009 ACL Services Ltd.
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