DataConsulting April 2013 Newsletter


Welcome to our monthly newsletter! If it’s your first time reading this newsletter then welcome, I hope you enjoy it and don’t find it too boring!

Now is the time to get yourself booked on one of our ACL courses running in London in May. If you want to know whether you need to attend some ACL training then maybe try our quiz in coffee corner it could give you some useful insight into your current ACL knowledge and skill level. Full details of the course are listed in the newsletter.

We’re also pleased to be running a demo of the incredibly successful ACL SAP Direct Link tool which has saved hundreds of ACL users thousands of hours over the years. Our very own Australian Ben will be doing the webinar with capable assistance from Paul Lloyd-Smith from ACL. Timing and registration details below. Other highlights in the newsletter include links to the latest videos and webinars that have been run by ACL plus an interesting look at the risks of using Excel for audit purposes.

I hope you all enjoy it and good luck with the quiz.

Best Regards,


ACL Direct Link for SAP ERP

Lunchtime Webinar and Q&A with DataConsulting

Thursday 18th April, 13:00

Do you have an SAP installation within your organisation? Are you frustrated by the time it takes to obtain data extracts, the complexity of data requests, or a lack of IT independence in the process? ACL Direct Link is a SAP certified tool designed to allow ACL users to request and obtain the data they want, when they want.

In conjunction with ACL, DataConsulting is providing a 30 minute live lunchtime webinar to showcase ACL Direct Link for SAP ERP.

ACL Open Enrolment Training Courses in May

There are just two weeks left to enrol on the next ACL Open Enrolment courses in London next month. The May schedule is the last Open Enrolment training opportunity before the summer holidays. Again we are offering the full five day schedule including the two day ‘Foundation’ and ‘Advanced’ level courses, as well as the opportunity to become an ACL Certified Data Analyst (ACDA). The May course schedule is also the last chance to enjoy our ‘3 for 2’ special offer*, and the first to utilise the new and improved ACL training materials.

Microsoft’s Excel Might Be The Most Dangerous Software On The Planet

Spreadsheets: An inappropriate tool for audit and assurance professionals

By Peter Millar

At last! I no longer feel so all alone. Truth be told, I’m not alone and lots of others have been saying the same thing about spreadsheets for years – I say spreadsheets because I don’t think it’s fair or reasonable to single out Microsoft’s spreadsheet product over any of the remaining others…

ACL Analytics Exchange 4 – Simplified, Integrated, Easier

ACL™ Analytics Exchange 4 (AX4) combines enhanced productivity with improved usability and tighter integration with IT infrastructure. It’s a winning combination that will you save time and reduce manual effort, make it easier and faster to manage the results and reduce the learning curve for those non-expert users on your team.

Help your Internal Audit Department Safeguard your Organization: Increase use of Data Analytics

According to a new survey conducted by Deloitte UK, 47% of respondents said that the increased use of data analytics would most help IA providing assurance over the risk of fraud. Who am I to argue about that! You can find the survey report here. It’s a good read.

ACL Bootcamp: Exercise 9 – ACL Importer Foundations

ACL™ Importer powered by Monarch™ gives you powerful functionality to read and convert semi-structured data from printable files, PDFs and other sources to a tabular format for analysis.

Strengthening Controls in 2013: Travel & Entertainment Expenses

For many organisations, T&E represents a significant spend, with a high risk of exposure to costly abuse, misuse and fraud. Generally, controls within this business process are manual or a matter of policy. The sheer volume of transactions can make it difficult for T&E program managers to validate transaction controls in a cost-effective way. For other organisations, T&E may not be a significant area of expenditure, but analysing T&E spend can provide interesting insights into the organisation’s culture of compliance.

Learn how data analytics can help you meet the challenges inherent in managing T&E expense processing. ACL’s director of technology application, Peter Millar and senior technical consultant, Chris Stewart-Smith will discuss a best-practices approach that combines data access, analytics, and timely notification of significant exceptions and anomalies.

Coffee Corner

For this month’s coffee corner, I thought it would be good to actually know where we are with your ACL skills. Are you really an expert at ACL? Or maybe you think you’re at a beginner level. You may actually be a lot better than you think. Try this little quiz and see how well you do.

Upcoming Events and ACL Open Enrolment Courses

ACL Connections 2013 – Atlanta, April 28-30, 2013 – Register

ACL 105: Foundations of ACL – Concepts and Practices – London, May 13-14, 2013 – Get a quote

ACL 302: Advanced ACL Concepts and Techniques: Scripts – London, May 15-16, 2013 – Get a quote

ACL 901: ACL Certified Data Analyst (ACDA) Examination – London, May 17, 2013 – Get a quote

Fraud & Error 2013 Conference – London, May 21, 2013 – Register

ISACA Chapter 20th Anniversary Full Day event and AGM – Solihull, May 23, 2013 – Register

ACL 105: Foundations of ACL – Concepts and Practices – London, September 16-17, 2013 – Get a quote

ACL 302: Advanced ACL Concepts and Techniques: Scripts – London, September 18-19, 2013 – Get a quote

ACL 901: ACL Certified Data Analyst (ACDA) Examination – London, September 20, 2013 – Get a quote


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Monday, April 1, 2013 In: Newsletters Comments (None)