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Plan for action and then act

The headline in a recent CFO article reads “Internal auditors who incorporate data analytics will reap the benefits of real-time risk management”. The article goes on to refer to a PricewaterhouseCoopers State of the Profession Survey which highlights the gap between widespread agreem
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ACL Launches ACL™ Analytics 10; Powerful Analysis Software Enables Data-Driven GRC Management

Software Tool Makes Big Data Analysis More Accessible to Users Across the Organization VANCOUVER, May 21, 2013 – ACL announced today the release of ACL™ Analytics version 10 (formerly known as ACL™ Desktop), a powerful, cost effective solution that can analyze any data source. I
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A Series of Unfortunate Events and Acquisition Woes

There is a children’s book author by the name of Lemony Snicket, who penned a series entitled, A Series of Unfortunate Events, amongst other works. They are rather clever books and according to my daughter and my niece, they are really quite good. Things tend to go very wrong for the
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Technology as a Capacity Multiplier

One of the things I like the most about the audit profession is its never-ending desire to share audit approaches, techniques, tips and knowledge.  Organizations like ISACA, ACUA, AHIA, ALGA and The IIA are excellent examples of what I’m talking about.  There is such a strong willingn
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Excerpt from the FCPA Blog: Super-charge your analytics program with the guidance

The FCPA Blog recently published a post by ACL’s Christopher Stewart-Smith examining the newly released FCPA guidance from the U.S. Department of Justice and the Securities and Exchange Commission. Discussing real case studies, Chris explains how the guide serves as a reminder that en
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Complimentary Combinations make for smooth Importing of Unstructured Data

Float like a monarch, analyze like a bee – OK, not the exact famous quote, but the point is that together, ACL Desktop and Monarch make one hell of a combination found in our latest product release ACL Importer. Approximately 10 years ago, I was on a training course at an accounting f
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Data Analytics: Want it Done Right?

Then why not do it yourself?  Many organizations cite a lack of suitable resources or budget (or both) as impediments to getting starting with a data analytics program. They rely exclusively on external auditors or cost recovery firms to execute one-off programs where little is learne
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Big Data… Big Deal?

In a recent report, “Billions and billions: big data becomes a big deal,” our friends at Deloitte predict that in 2012, “Big Data” will likely experience accelerating growth and market penetration.  By the end of this calendar year – according to the report – more than 90% of the Fort
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The Right to Know

The HIPAA Right-to-Know Act has a number of compliance departments in a spin. In a nutshell, it is due to become law in 2012 and will mean that any customer (patient) of a healthcare provider can demand a report of who accessed their medical records, see what that employee or contract
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Be Careful What You Wish For

It sounds obvious doesn’t it? If I want to analyze data as part of a continuous monitoring program, I need to ask IT to let me have direct access to my company’s databases and I’m off to the races. Well, I have touched on this in previous blogs, but I’m going to bring it up again. The
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