ACL AuditExchange 2009 enhances productivity, improves data access, and helps realize audit team potential.
ACL introduces new managed analytics platform for audit
Vancouver, Canada, May 1, 2008 — To meet the increasing demands on audit to assure sustainable compliance, reduce risk, detect fraud and improve business performance, ACL Services Ltd. has released a new managed analytics platform for audit – ACL AuditExchange 2009.
“In its broadest context, ACL AuditExchange helps the audit team provide assurance and insight into the integrity of business activity for the enterprise,” says ACL President & CEO, Harald Will. Built to meet the needs of the whole department, ACL AuditExchange enables the audit team to more efficiently manage the entire analytics process. It is designed to address the spectrum of audit analytic requirements, ranging from ad hoc analysis through to repetitive and continuous.
Internal audit has traditionally performed audits on a cyclical basis, but this is changing: “To remain relevant in 2012, internal auditors need to move beyond a static, cyclical audit approach and adopt a continuous, comprehensive approach to audit and risk assessment – one that optimizes the use of technology,” states PricewaterhouseCooper’s Internal Audit 2012 report.
"ACL AuditExchange could not have come at a better time. The new capabilities will support improved data management across the audit department," says Tom Boyle, Director of Internal Audit Services, Palomar Pomerado Health District in San Diego, California.
ACL AuditExchange introduces a flexible audit repository, making it easier than ever to share audit analytics information across the audit team. With a centralized and secure location for storing, sharing and documenting information—without duplicating efforts—it provides a way for management to navigate audit information and results, and address knowledge-retention issues associated with rotational staffing models and staff turnover.
One of the primary impediments to faster and more complete audits is the challenge of data access. ACL AuditExchange provides broad, streamlined access to enterprise data through the integration of Informatica Corporation®’s PowerCenter, a market-leading extract, transform and load (ETL) technology. With this add-on capability, data specialists within audit are able to quickly and efficiently deliver precisely the data that auditors need to complete their analysis, regardless of source or format – such as SAP and Oracle Financial data, legacy data, and other complex and industry-specific sources. David Coderre, leading author of books such as
Fraud Detection: A Revealing Look at Fraud states: “ACL AuditExchange leverages ACL's proven analytical strengths and Informatica's data integration capabilities to provide auditors with a means to perform data analyses and help effectively detect and prevent fraud."
At a series of live product demonstrations delivered at the ACL User Conference this April, feedback was extremely positive. “We showed in considerable detail how the new repository and enhanced data access capabilities provide a better department-wide solution. Our customers see great value in the audit team being able to share their workload and save time without duplicating efforts,” says Will. “ACL AuditExchange supports recognized best practices for the use of audit technology and delivers on the promise of providing comprehensive audit coverage for the benefit of the enterprise.”
For more information about ACL AuditExchange, please visit: www.acl.com/ax
About ACL Services Ltd.
Since 1987, ACL has enabled auditors to assure sustainable compliance, reduce risk, detect fraud, enhance profitability, and improve business performance. ACL delivers its solutions to more than 215,000 licenced users in over 150 countries through a global network of ACL offices and channel partners. Our customers include 95 percent of Fortune 100 companies, 85 percent of the Fortune 500 and over two-thirds of the Global 500, as well as hundreds of national, state, and local governments, and the Big Four public accounting firms. www.acl.com
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