“Every year we receive entries from our customers around the world who are using ACL technology to overcome business challenges ranging from operational risk to transporting transparency and revenue leakage. This year’s winners represent the new class of internal auditors, embracing audit analytic technology and continuous monitoring capabilities to manage a wide range of business risks.” -Harald Will, President and CEO, ACL Services

All entrants are required to complete a short Entry Form describing how they have utilized ACL technology. No data or ACL software files are required. Awards are divided into the categories noted below. All entries received by the deadline of December 5, 2011 will be considered for the Grand Prize and Regional Awards.

Review the Rules and Regulations.

Most Promising Novice Award
Ideal for a new user who has been using ACL technology for less than two years. Focused on audit specific data analysis, describe how you have been using ACL to increase your ability to detect fraud, errors and inefficiencies and increase the quality of your audits. Tell us how you have increased audit coverage or productivity, achieved insight into data, establish standards for reports and documentation, or how you have gained a better view of risk and control issues within a given audit area.

Best Use of Analytics
This is all about using analytics and scripting and integrating them into your audit process. Through the use of analytics, which can be applied to a range of audit and control objectives, tell us how you have created and used repeatable testing procedures in support of an audit area. Describe the improvement of the quality and reliability of the tests, the increased audit effectiveness, the reduction in manual auditing or sampling and how these applied analytics are now core to the overall audit program.

Audit Productivity Team Award
This is all about being centrally managed and organized for better team efficiency. Ideal for the Audit department who has elevated their productivity and efficiency by creating automated tasks. Describe how AuditExchange has enabled your team to improve the sustainability of their analytic work and share repeatable analytics involving complex processing of large data sets in a secure server environment. Tell us how you have become more efficient, and achieved faster analysis with tangible benefits experienced.

Best Application of Continuous Auditing/Monitoring Award
It’s all about your transformation from traditional periodic and point-in-time auditing to continuous auditing or monitoring across one or more business processes. Through your use of AuditExchange, tell us how you have increased automation with recurring and scheduled analytics, expanded your audit scope covering more areas more often and are reporting and monitoring results and trends. Demonstrate strengthened controls and reduced audit and compliance costs while increasing organizational performance.

Most Innovative Use Award
Designed for users at all levels this is your chance to shine. We want to hear your stories about how you are using the software with your unique flair of creativity and innovation. Describe how you have used ACL technology with a business impact such as increased efficiency, decreased risk, new audit area, helping other business units etc.

Grand Prize (1)
Winner is selected from entries to the main award categories. The story will articulate how, through the use of ACL technologies, you are resolving challenges and risk and are increasing the effectiveness of audit analytics with a focus on people, process and technology to illustrate business impact.

Regional Winners (4)
Based on those applicants who are short-listed for the Grand Prize as the runner up in their region (NA, EMEA, LAC, ASIA). Entries must show business impact with quantifiable results.

Entries will be short-listed by a panel of ACL judges.

ACL will only publish the winners names and their stories with the consent of the participant and their organization.

Phase 1: Call for Entries
Deadline: December 5, 2011
Customers are invited to complete the Entry Form to indicate how they have successfully applied ACL within their organizations.

Phase 2: Short-listed Candidates
December 5 - 15, 2011
An ACL judging panel will develop a shortlist from the initial applications. Short-listed candidates may be asked to provide a copy of their technical documentation of their use of ACL technology or additional information for judging reference only purposes only.

Phase 3: Winner Selection
December 15, 2011
The winner will be notified and announced by December 15, 2011.