The utilities, telecommunications, and transportation sectors face complex issues, which evolve rapidly as companies pursue new models of value creation. They are particularly impacted by regulatory compliance requirements as a result of new and ongoing legislation, consumer protection mandates, service quality expectations, and increased competition.
Companies in these sectors face harsh fines and reputation damage for breach of industry-specific and other legislative requirements, including regulations governing competition, environmental practices, and those geared to higher standards of corporate governance and fiscal transparency.
Powerful ACL technology can be used to uncover anomalies and isolate errors within the transactional data underlying business processes and financial reporting. The results: comprehensive insight into control weaknesses and potential business risks, enabling sound decisions and faster response to organisational, market, and regulatory changes.
“It can be said that ACL is the ‘Genie’ that is producing magical results for Emirates Internal Audit.”
Kalpesh S. Vashi, Information Systems Audit Manager, Emirates Airline
Contact us today to learn more about how ACL technology solutions can be used to: