DataConsulting February 2013 Newsletter


DataConsulting February 2013 Newsletter

Welcome to the February edition of the DataConsulting newsletter. As it’s been half term, I hope some of you had the chance to have a few days’ break and recharged the batteries a little.

This month we’ve pulled together some useful information which we hope will go some way to enhancing your knowledge and experience of using ACL software.

This month ACL have released their iPad version of ACL Workpapers, which is innovative and certainly representative of the way things seem to be going technology wise. I’ve already had a play and it certainly is slick and easy to use. You can currently try ACL Workpapers for free, so if you’re considering adopting an audit working paper solution, then by all means try it before you commit to buying. It’s cloud-based, too, so you will be up and running within minutes.

March will see the release of AX4 which we will no doubt feature in our March or April edition. I know a good many of you attended the User Group in London hosted by E&Y/David Britain which I hope you enjoyed. We’ve had some good feedback on Ben’s fuzzy duplicates presentation – he’s also managed to write a few words on the event below.

Well, do enjoy the newsletter and I’ll catch up with you all in March!


ACL London User Group Presentation: Identifying Fuzzy Duplicates with ACL

When ACL Desktop 9.3 was released, a new Fuzzy Duplicates command, FUZZYDUP, and some supporting functions were added to the arsenal of data analysis tools already available. It can be a tricky area if you’re not sure how it works, so here are some tips that will help to get you started.

Top 25 Analytic Test for Every Organization: Test 1 – Suspicious Journal Entries

Earlier this month, AUDITMAN Dan Zitting shared some insight on the Rules and Tools for effective auditing in Top 25 Analytics Tests Your Organization Should Use, now he shares Test #1 – Suspicious Journal Entries.

Check out Test 1 –

Evolution of Data Analytics & Continuous Auditing

Free eBook: Always On: How Data Analytics and Continuous Auditing and Monitoring Are Evolving

This e-Book on continuous auditing and monitoring is produced by Compliance Week in cooperation with ACL. The e-Book offers various articles from Compliance Week regarding the rise of continuous auditing as a way to better understand and control many business processes.

ACL Delivers Audit and Compliance Management on the iPad®

First Native iPad App with Full Audit Management Capabilities Now Available

VANCOUVER, February 19, 2013 – ACL, the company that is transforming audit and risk, announced today the expansion of its mobile audit and compliance management product offering with the launch of ACL™ Workpapers for the iPad®. ACL™ Workpapers for iOS, an extension of the ACL Workpapers cloud-based audit and compliance management system, is available for iPhone® and iPad® as a free download on the iTunes App Store™.

more about ACL Workpapers or start your 1 month trial now

The importance of integrating analytics into audit and risk management processes

By John Verner

A few weeks ago I participated in the 26th World Continuous Auditing and Reporting Symposium at Rutgers Business School. I think it was about the 12th occasion at which I have presented at the Symposium. Initially, WCARS was heavily oriented towards academic research and technical papers on continuous auditing concepts. In more recent years, WCARS has become one of the most important forums for discussions not just on continuous auditing and monitoring, but increasingly on the use of audit automation technology overall. Although a relatively small conference, there is now strong participation from audit technology leadership from the Big 4, the AICPA and internal audit from some of the world’s largest business organizations.

Video: Improve your audit execution: an ACL customer spotlight

In this video Todd Hoffine, Partner at AcquantUS, LLC, and Former Director, Corporate Audit Department, Global Operations at The Coca-Cola Company gives his insights into what makes a data analysis implementation successful and pivotal to improved audit execution. Here’s a bit of a hint – it has less to do with being a “techie” than you think. It has more to do with strategy, people, process and creativity.

Coffee Corner

ACL Functions and Commands Word Search

This month we’ve given you another word search containing 11 ACL commands and functions. See if you can finish by the time you’ve had your coffee. Good luck!

Upcoming Events and ACL Open Enrolment Courses

ACFE European Fraud Conference – Prague, March 17-19, 2013 – Register

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


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