Archived media coverage is available below. To view the most recent coverage,
return to the main ACL Media Coveragepage.
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Big Four battle intensifies The Financial Reporting Council (FRC) has stepped up its efforts to widen choice in the UK audit market by publishing responses to the April assessment by its Market Participants Group (MPG). While few of those participants, or their respondents, expect a sudden change in rules or players’ behaviour, big companies are being challenged to reflect on whether their predilection for the Big Four results from concern for quality or lack of information and imagination. (Accounting Web, July 20, 2007) ... Full Story
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Got XBRL? Although more organizations around the world are using XBRL, many internal auditors are still unaware of the benefits this markup language for the electronic communication of business information has to offer. (IT Audit, June 2007) ... Full Story
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Continuous Fraud Control ACL President & CEO Harald Will argues that effective compliance systems add much more value to a business over and above merely helping to reduce fraud. (Governance.co.uk, April 2007) ... Full Story
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Compliance - The Impact on Internal Audit Increasingly, the lines between regulatory compliance and internal audit duties have become blurred in recent years and this overlap is becoming a major problem for internal audit departments according to Harald Will, president and CEO, ACL Services Ltd. (Compliance Executive, January 2007) ... Full Story
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Continuous Auditing Is Ready for Prime Time Continuous auditing was hatched in Bell Labs approximately 25 years ago, and since then it has matured slowly - very slowly. But a new global survey of audit professionals conducted by ACL in cooperation with The IIA shows strong signs of an uptick in interest in this technology-intensive approach. (Business Finance Magazine, August 2006) ... Full Story
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Audit Execs Cite Staff Shortages In a new survey of internal auditors conducted by ACL Services, 70 percent said difficulty hiring competent staff was their biggest business challenge. Another 60 percent cited complex IT infrastructures. (CFO.com, June 26, 2006) ... Full Story
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The clock is ticking, but the answer to 404 hasn't gelled It's only two and a half months until the fiscal year begins when smaller companies granted a reprieve on Section 404 internal controls assessments will have to begin filing audits. And there is still no definitive answer as to what will be expected of them, although there is a glimmer of what is to come. (Treasury & Risk Management Express Newsletter, May 1, 2006) ... Full Story
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Continuous Auditing Is Here to Stay Now that the need for transactional efficiencies, fraud prevention and real-time financial reporting is acute, mainstream finance is finally jumping on the bandwagon. (Business Finance Magazine, March 2006) ... Full Story
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ACL keeps an eye on the ledger 24/7 Built on a continuous controls monitoring (CCM) framework, ACL CCM for the General Ledger consolidates information from various sub-ledgers and automates the testing and monitoring of a company's internal controls by analyzing transactional data underlying business and financial reporting functions. (Treasury & Risk Management Express Newsletter, November 9, 2005) ... Full Story
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See Your Enterprise Data from a Single Point of View Ken McGovern, ACL Director of Product Management, discusses how SAP customers can apply ACL Data Analytics technologies to gain visibility into financial and operational performance and satisfy compliance regulations. (SAP Insider, Oct - Nov - Dec 2005) ... Full Story
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SarbOx: The Next Generation By now, most large companies have had to comply with Section 404 of the Sarbanes-Oxley Act. However, since the obligation is an annual one, many companies are looking to automation and technology solutions to improve compliance efficiency and add real-time capabilities. (eWeek, August 5, 2005) ... Full Story
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SOX: Not So Bad After All? With most of the work for Sarbanes-Oxley done, finance execs are starting to acknowledge that the corporate-governance law may be beneficial (BusinessWeek Online, August 2, 2005) ... Full Story
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SOX year two: trouble ahead Year one of Sarbanes-Oxley Act (SOX) compliance was a painful and expensive one for many firms both in the US and Australia, but it’s about to get a whole lot worse, according to two major studies. (Risk Management Magazine, July 25, 2005) ... Full Story
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404 Compliance In Year Two Isn't Getting Cheaper A new survey of public companies indicates that a solid majority of them will struggle through Sarbanes-Oxley compliance in 2005 much as they did in 2004: understaffed, overworked, and awash in a sea of manual controls that require expensive testing and remediation. (Compliance Week, July 12, 2005) ... Full Story
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Harald Will of ACL Services Speaks Out Jack Martin sat down with Harald Will, President and CEO of ACL Services to discuss ACL's latest survey and his view of how Sarbanes-Oxley is evolving. (Sarbanes-Oxley Compliance Journal, June 23, 2005) ... Full Story
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SOX Relief Pushed Further Out On The Horizon As companies pass the year two mark for complying with Sarbanes-Oxley’s internal controls legislation, they are finding that costs are still on the rise according to several recent studies. (DowJones, June 22, 2005) ... Full Story
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SarbOx May Not Benefit Businesses The benefits envisioned by enterprises for complying with the Sarbanes-Oxley Act may never materialize. So says a survey conducted by ACL Services and the Center for Continuous Auditing. (eWEEK, June 20, 2005) ... Full Story
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Sarbox resolve flagging A recent study by the CCA and ACL found that there are serious concerns among audit and financial managers at leading companies about sustaining Sarbanes-Oxley compliance procedures (Accountancy Age, June 23, 2005) ... Full Story
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The impact of SOX Canadian companies feeling the effects of changing U.S. regulatory environment—and ACL is here to help. (ITWorld Canada, June 7, 2005) ... Full Story
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Survey: Compliance spending soars Companies will spend nearly $15.5 billion on compliance programs in 2005, according to a recent study by Boston-based AMR Research. John Verver, ACL Vice President of Professional Services, believes that technology must step up to the plate to help companies rein in costs. (CIO Insight, April 27, 2005) ... Full story
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Policing Payroll With its high number of transactions and the large portion of overall expenditures devoted to it, the payroll process can be a target for fraud and costly errors within an organization. That’s the idea behind ACL Services Ltd.’s latest release, CCM for Payroll. (Treasury & Risk Management, November, 2004) ... Full Story
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Many Companies Lack Sarbanes-Oxley Compliance Budget Two-thirds of companies with revenue of more than $1 billion have no annual budget for Sarbanes-Oxley Section 404 compliance, according to a survey by ACL Services Ltd. and the Center for Continuous Auditing.(Compliance Reporter, July 14, 2004) ... Full Story
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Fahrenheit 404 After toiling roughly two decades as an editor, you can imagine I’ve been faced with more than my share of deadlines. So, duty has sort of molded me to adopt a proactive approach to meeting any pending time constraints. (Accounting Today, July 2004) ... Full Story
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BankBoston Argentina Upgrades Reporting Software BankBoston Argentina uses ACL to manage the wealth of information that it has on its customers, saving 1,500 hours per year in report processing time and standardizing thier most frequent control tasks. (Bank Systems & Technology, November 4, 2003) ... Full Story
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How to Catch a T&E Thief ACL and Concur have teamed up to launch a module designed to detect travel and entertainment expense fraud. (Treasury & Risk Management Magazine, October 2003) ... Full Story
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Scouring the Entire Haystack Auditors may not be effusive by nature, but get them started on how ACL has heightened their investigative prowess, and the praise flows. (Baseline, August 2003) ... Full Story
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Governance Falls into CIO's Lap CIOs are being charged with helping their CEOs and CFOs comply with the corporate governance regulations in the Sarbanes-Oxley Act. (Insurance & Technology, June 2003) ... Full Story
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Balance Scorecard Meets BPM ACL client Rich Lanza, internal audit manager for Toys "R" Us Inc., discusses how his organization uses ACL software to minimize risk. (BusinessFinanceMag, June 2003) ... Full Story
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