Identify Weak or Non-Existent Controls
If your organization has business processes that are at risk for fraud, errors or compliance issues or that the audit team requires greater insight into, there is no better way than through the creation and integration of audit analytics. Take your use of data analysis to the next level beyond ad-hoc analysis to the use of targeted, audit analytics supporting specific audit objectives.
By integrating audit analytics into your audit program, risks that may have otherwise gone undetected can be identified, allowing management to take action.
Integrate Best Practices for Audit Analytics
Knowing what to test and acquiring the skills to create and implement these analytics can be challenging. ACLâs expertise in accessing the required data and creating audit analytics is second to none. Integrate the same best-practice analytic concepts currently being used in some of largest and most successful organizations in the world.
ACL experts will work with you to create a customized strategy for integrating audit analytics into your audit plan. By standardizing a suite of audit analytics into your audit program, repetitive testing becomes significantly easier and more efficient.