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Survey Says: Data Analysis is Driving Risk Management, Fraud Detection, and Compliance

Specialized audit and risk data analysis technology is not just for internal auditors and is now very clearly of importance to those in a number of C-suite positions. EY published their Global Forensic Data Analytics Survey 2014, entitled “Big risks require big data thinking.” It is a
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Innovative data analysis saves millions of dollars for federal government of Canada

Program enhances the ability of 100+ federal government departments to audit various business processes and key financial controls, and monitor financial performance and trends. Congratulations to David Coderre, Public Servant in Residence, Telfer School of Management, University of O
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Q&A with Justin Gundy, ACDA

Justin D. Gundy (CPA, CIA, ACDA) is in Internal Audit Services at UT-Battelle, LLC, a not-for-profit company that manages and operates the Oak Ridge National Laboratory for the U.S. Department of Energy. UT-Battelle uses ACL Analytics to identify anomalies in their data and pull sampl
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Reinventing the wheel, recreating every audit process, objective, and control? Best practices for reusing your stuff!

Small changes to audit content management and organization can create measurable results—and help internal auditors find added time to pursue enterprise-level opportunities and strategy. In internal audit departments today, the need for greater efficiency reigns supreme. So much so, i
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IT and Internal Audit work together at CHC Helicopter to transform audit, risk management, and compliance strategy

Internal Audit, in close partnership with IT, ramped up their audit efficiency and their ability to align their work with Management and external auditors’ expectations. Congratulations to Paul King, Senior Vice President & Chief Information Officer at CHC Helicopter, winner
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Vendor Scoring – Identifying the Best Vendors to Audit for Fraud Recovery – Part 2

This is the fourth post in a series called Practical Data Alchemy Using ACL Software by Rich Lanza. Part 1 of this post was focused on developing a vendor score to improve sample selections of vendors.  The vendor score was assigned based on the key field, a unique vendor number and a
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Changing expectations: Is it time for a makeover in Internal Audit?

There is a lot of talk about change and internal audit “earning a seat at the executive table.” But how much have fundamental audit processes really changed? Forbes Insights recently published an interesting report on how key stakeholders viewed the external audit of finan
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Key Word Analytics – New Survey, Worldwide Tabulation Project & Complimentary Webinar Released by Auditnet®

AuditNet® launched a new survey on Keyword Analytics in an effort to collect keywords from all audit, fraud, and finance professionals.  We invite you to complete this survey, which will give you access to the entire list  (already in the thousands of words!).  Further, the results of
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Upcoming Webinar: Revolution – Welcome to the New World of ACL

At ACL, our vision is a world where audit, risk and compliance professionals are an organization’s most sought-after people—unleashing previously-impossible levels of success through their insight into risks and opportunities. We’ve been very busy this year, working toward that vision
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Australia Post’s internal audit team making big business impact

“The team has embedded analytics into the audit processes, delivering more effective control assurance and quantification of commercial insights.” Congratulations to the Internal Audit team at Australia Post, winners of the ACL Impact Award for Business Impact this year! T
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