Continuous Monitoring is the method that a business process owner or management uses to ensure that internal controls related to business activities and financial reporting are working as intended. By providing perpetual assessment of key controls and insight into transactions, continuous monitoring can help organizations quickly identify issues that significantly impact the bottom line.
For audit teams seeking to deliver timely value to their organization, ACL’s new business assurance platform offers the ability to close the loop on audit findings. ACL AuditExchange 2 is available with a new exception management component. AX Exception enables exceptions found by audit to be passed seamlessly to the business stakeholders responsible for determining the cause, and correcting the control exceptions. ACL consultants help configure the product to monitor an organization’s entire remediation process, and escalate exceptions when appropriate.
ACL AuditExchange 2 allows organizations to:
- Detect and prevent fraud, waste and errors
- Identify segregation of duties issues
- Gain prompt notification of control breaches
- Drill down to exceptions for quick resolution
ACL offers another continuous monitoring product for organizations interested in continuously monitoring specific business areas. Our CCM product is designed with the following plug and play modules:
Contact an account representative for more information.