ACL Helps Government Agencies Detect Fraud

2010-11-01

Government agencies are responsible for managing and monitoring the disbursement of billions of pounds of public funds. With demands for increased transparency and accountability, shrinking budgets, and pressure for improved delivery of public services, the need to implement technology solutions that support financial management and audit processes within the public sector is more critical than ever.

Proven ACL audit analytics technology can play a key role in providing increased visibility into the effectiveness of internal controls, reducing exposure to financial and operational risk, and detecting and preventing fraud, waste, and abuse.

But don’t just take our word on it:

“Uncovering and stopping this fraud, in addition to recovering millions in lost tax revenue on behalf of the Ministry, was made possible by using ACL technology. In addition, because of the new audit standards for all EU member countries, the Austrian Ministry of Finance is using ACL analytics for ongoing monitoring and auditing.”

Bernhard Kurz, Senior EDP Auditor, Austrian Ministry of Finance

Leading government agencies around the world use ACL to assist government auditors and financial managers in analysing vast amounts of data with speed and efficiency, enabling quick identification of areas of high risk, while saving time, effort and money. More than 200 government departments in 37 national governments worldwide, and over 500 regional and local governments use ACL on a daily basis.

Contact us today to learn more about how ACL technology solutions can be used to:

  • Test and verify expenditures
  • Increase procurement-card program efficiencies and monitor the use of p-cards
  • Support grants and tax compliance
  • Identify errors in social services and healthcare services claims and billings
  • Detect and prevent fraud
Monday, November 1, 2010 In: Hot Topics Comments (None)

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