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 the research will be provided as part of [...]

By |July 30th, 2014|Blog|Comments Off on Key Word Analytics – New Survey, Worldwide Tabulation Project & Complimentary Webinar Released by Auditnet®

“How would you kick start data analytics?” ACL LinkedIn Group

Are you part of the ACL LinkedIn Community? Our group is a great place to share and exchange best practices for the use of data analytics across various industries and lines of business. One of the most popular discussions we've seen lately is this one, started by Andrew Fitzgibbon, Regional Audit Director, Japan Tobacco International: "How would [...]

By |May 22nd, 2013|Blog|Comments Off on “How would you kick start data analytics?” ACL LinkedIn Group

Top 25 Analytic Tests for Every Organization: Test 3 GL – Journal Entries with Outlier amounts

Last time we targeted potential outliers in a specific GL account. This time, we'll look at broadening our reach by applying statistical analysis across the whole field of GL accounts! To do this, we want to figure out what would be the typical sized posting to each account, and look for unusually sized postings. Now, [...]

By |May 16th, 2013|Blog|Comments Off on Top 25 Analytic Tests for Every Organization: Test 3 GL – Journal Entries with Outlier amounts

ACL Analytics: Beyond Audit

Hello ACL Community! As we continue to Transform Audit & Risk, let’s perform some tests that are outside of audit. Here’s one in particular that I’ve recently worked on that I found interesting: We used ACL to help the Fabrication Cost Accounting team of a large manufacturing organization calculate and report on variances of item [...]

By |May 13th, 2013|Blog|Comments Off on ACL Analytics: Beyond Audit

Top 25 Analytic Tests for Every Organization: Test 2 Stratification of GL Accounts

Have you been following our Top 25 Tests for Analytic Superheroes series? The next article comes to us from trusty “ACL Sidekick” Phil Lim. This time, we’re focusing on stratification of GL accounts. Risk Posted Entries may not be authorized or valid. Test  Stratify a particular general ledger account to look for journal entries that are [...]

By |May 6th, 2013|Blog|Comments Off on Top 25 Analytic Tests for Every Organization: Test 2 Stratification of GL Accounts

Top 25 Analytic Test for Every Organization: Test 1 – Suspicious Journal Entries

Earlier this month, AUDITMAN Dan Zitting shared some insight on the Rules and Tools for effective auditing in Top 25 Analytics Tests Your Organization Should Use, today he shares Test #1 - Suspicious Journal Entries. When auditing, where else would we start than right in the guts of things, the general ledger. If I can’t [...]

By |February 18th, 2013|Blog|Comments Off on Top 25 Analytic Test for Every Organization: Test 1 – Suspicious Journal Entries