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ACL AUDIT SOFTWARE ACQUISITION, TRAINING AND IMPLEMENTATION
(Auditing Through the Computer Using ACL CAAT SOFTWARE)
ACL (Audit Command Language) is the preferred software tool of audit and financial professionals for data extraction, data analysis, fraud detection, and continuous monitoring. Robust yet easy-to-use, ACL expands the depth and breadth of your analysis, increases your personal productivity and gives you confidence in your findings. With ACL, organizations can achieve fast payback, reduce risk, assure compliance, minimize loss and enhance profitability.
Providing a unique and powerful combination of data access, analysis and integrated reporting, ACL reads and compares enterprise data—any data, flat or relational databases, spreadsheets, report files, on PCs or servers—allowing the source data to remain intact for complete data quality and integrity. Used as a standalone PC application and/or as the client with the Server Edition software, ACL employs a single, consistent client interface and provides easy, immediate access to data. For example, with a few clicks, you can move from analyzing server data, to information stored on mainframes, to mySAP
for ERP data, or networked PCs. This ensures optimized performance and optimum flexibility in accessing new sources of data.
Commands—a full range of analytical power from simple classifications to complex tests—are already pre-programmed for data analysis. Automate your analysis through continuous monitoring and real-time notification.
With ACL you can:
- Analyze data more quickly and efficiently, independently from your IT department, with an intuitive user interface, pull down menus, toolbars, and point & click commands
- Rapidly analyze transactional data in files of any size to ensure 100 percent coverage and the utmost confidence in your results
- Produce easy-to-understand reports—easily design, preview and modify your results on-screen with drag-and-drop formatting
- Identify trends, pinpoint exceptions, and highlight potential areas of concern
- Locate errors and potential fraud by comparing and analyzing files according to end-user criteria
- Identify control issues and ensure compliance with standards
Specific Areas of Application include, analysis and audit automation of the following audit reviews exercise
BANKING
- COT recalculation
- OD Interest recalculation
- Term Deposit interest re-computation
- Interest on Term Loans re-computation
- MC and LC charges
- Payroll review
- ACL applications /Script for MIS Issues and periodic analysis such as number of accounts opened per time, account performance analysis, Product performance analysis etc
MANUFACTURING INDUSTRIES
- Account receivables
- ACL analysis for easy identification of accounts with Credit balances
- Automation of ageing customer debit Analysis
- ACL analysis for ease of generation of exceptions reports including Balances over Credit limits, unusual limits, large balances etc
- Analysis to report transactions after period end, duplicates in a sequence of invoices, intercompany transfer etc.
- Account Payables
- ACL analysis to Identify accounts with DEBIT balances
- Analysis to calculate totals of credit balances and summarize produce balance by creditor
- ACL Automation of ageing payable analysis
- Automate ease of generation of exception report including Aged Invoices, Large balances or Amount etc.
- Prepare report on transaction after period end, duplicate payment, missing cheque numbers, unauthorized large purchases, reports on payment made to account or addresses not registered in the suppliers ledger, report on payment made after the due date
- Stock/inventory
- ACL analysis to recalculate total stock balances and total by product categories
- ACL automation of exception report including negative values, quantities or cost etc
- ACL automation of reports on transactions after period end, report on month of stock on-hand from usage history etc.
- Payroll Review
- ACL analysis to identify any Ghost worker in the organization
- ACL recalculation of total of payroll file and summarize to produce total by employees
- ACL recalculation of Gross and Net Pay
- ACL analysis to generate exceptions report including duplicate name, pay that are too high or too low for a grade level etc
- MIS analysis
- ACL data generation, analysis and automation of a maximum of four types of reports for senior management information requirements as would be identified in the cause of the implementation. E.g. ACL Analysis of Sales trend over 6 months or per region or branch offices.
INSURANCE
- Identification of inaccurate policy payments.
- Ensure premium payment at agreed intervals
- Outstanding premium payments
- Periodic analysis of premium received
- Accuracy of system computation of returns on investment on stocks, commercial papers, equities etc
- Re-calculation of interest on some savings.
- Data mining and analysis for management information
- Identification of potential duplicate payment and overpayment of claims
- Monthly payroll analysis and review
- System integrity review of logs, user activities, audit trails.
- Identification and quantification of payment exceptions.
- Insurance policies that exceed company mandated risk retention limits
- Claim review process enhancement.
CALL US TODAY FOR A FREE DEMO/PRESENTATION
Call SOJI on or 018112624 or 08068618907 (NIGERIA)
Call RAPHAEL on 0302-231305 or 0243301313 (GHANA)
Also see www.Acl.com
Upcoming Events
CISSP CBK Seminar
Ghana
Date:9th - 13th Aug, 2010
Exam Date: 25th Sept,2010
C|EH Training
Ghana
Date:9th - 13th Aug, 2010
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CISA/CISM Lectures
CISA
Ghana
Date:4th July- 5th Dec,2010
Nigeria
Date: June 2010 - Nov, 2010
Exam Date: 11th Dec,2010
CISM
Ghana/Nigeria
Date: 21st Aug - 2nd Oct,2010
Exam Date: 11th Dec, 2010
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Free IT Audit Seminar for fresh Graduates
Ghana - Coming up soon
Nigeria - Coming up soon
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IT Audit Practicals in 6 Saturdays
Ghana - Coming up soon
Nigeria - Coming up soon
